Smart contracts News

Latest News on Smart Contracts | Cointelegraph

Smart contracts are software programs which are meant to perform like regular contracts, i.e. govern the process of exchange between parties, but are fulfilled completely automatically. That means, that there is no need for a trusted third party to enforce them, which is the case for simple contracts, which rely on a court's ruling in a case of non-compliance. Being executed by machines, smart contracts are also much more efficient and reliable.