Computer scientist and legal scholar Nick Szabo first proposed the idea of smart contracts two decades ago. He suggested that the decentralized ledger could be used for smart contracts, otherwise called self-executing contracts, or digital contract Management Software.
Today, even if the actual use of smart legal contracts remains largely in the future, the idea has gone mainstream.
You might have heard this term many times and would be thinking about it often. This quick article is aimed at providing you with a very brief overview of smart contracts, its usage, and key benefits.
What exactly is a ‘smart contract’?
Smart contracts are really […]