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Smart Contracts (1994) (vwh.net)
2 points by TriinT on Aug 13, 2009 | hide | past | favorite | 1 comment


A true "smart" contract effectively "tells a story" and is customized for the deal at hand. A mechanized contract can save costs but will never be anything other than a set of boilerplate clauses that have been pre-determined to fit given recurring situations. There is a major difference between the two.




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