Hybrid smart contracts will replace the legal system
Cointelegraph
Published Jun 06, 2021 07:11AM ET
Updated Jun 07, 2021 09:20AM ET
The era of unintelligible contracts written in legalese by lawyers in $2,000 suits with degrees from Ivy League schools is over. The contracts of the next century will be hybrid smart contracts, written in code by programmers wearing $20 hoodies and living in their NYC-shared apartment.
Smart contracts are self-enforcing contracts, written in code and executed by the blockchain. These smart contracts are great at sending and receiving money, and doing simple calculations, but they cannot access off-chain data, perform complex calculations or generate random numbers on their own.
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Written By: Cointelegraph
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