Smart Contracts: The Blockchain Technology That Will Replace Lawyers

Updated on: November 25th, 2020
This content has been Fact-Checked.
Smart Contracts: The Blockchain Technology That Will Replace Lawyers
AmeerRosic
Ameer’s the co-founder of blockgeeks. He’s an investor and blockchain evangelist, meaning he’s all about investing to bring transparency across the world. You can call him a serial entrepreneur with a couple of startups up his sleeve and tonnes of them in his mind. With over 160K subscribers on youtube, Ameer hosts his own show called #ameerapproved, where he talks about entrepreneurship and shares the latest crypto market updates. He has been a contributor at HuffPost, Due.com, Cryptominded, and VentureBeat. His clients are mostly tech startups that are operating on blockchain technology. Right now Ameer’s thinking about NFTs and their use cases. He might as well talk about it in his next youtube video. You can connect with Ameer on Linkedin and Twitter.

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Melina Chris
Melina Chris

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tamilmalaravan@gmail.com
Tamil Murugesan

Great article

t

very usefull block!

l
luvimperfection

Hi, I am an engineering student from South Korea. I’ve found this article very helpful, understanding smart contract. Can I translate this article in Korean for a blog post? I’ll link this url, of course.

m
michael twomey

A “smart” contract is a legal contract. It is just in a different form. An oral agreement is (apart from some special instances) a contract. There is no need for it to be in writing. And, with the invention of the telephone, a contract could be made by phone! And later by email! The process that you outline has all the ingredients of a typical contract, though formed by a different medium. There will still be, somewhere, written terms and conditions, though these terms and conditions may be reduced to code, but maybe not. The legal principles of forming a contract are all there – and need to be for the agreement to be legally-enforceable. (And a “smart” contract is not at all smart). Excellent article, by the way.

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