Lawyers, Fear Not the Smart Contract

Not long ago, the idea of a self-executing contract enshrined in computer code sounded like science fiction. But with the rise of blockchain technology, so-called smart contracts are starting to enter the mainstream. While some lawyers are wary, others are building frameworks that would allow practitioners to more easily work with smart contracts. On this week’s episode, reporter Ben Hancock explores the basics of smart contract technology, its limitations and what adoption means for transactional lawyers.