By Prof. Dr. Frank Emmert, LL.M., FCIArb

Several years after their launch and the development of a multitude of potential uses, Smart Contracts face an uphill battle for mass adoption. This is most likely due to the fact that the Smart Contracts themselves are only one part of a larger puzzle, like changing one wheel of a car, one element of a larger and more complex legal mechanism that evolved over hundreds of years. Smart Contracts hold great promise in improving the speed and efficiency of the legal process, but only when the right constellation of necessary elements is updated…

PrepayWay

PrepayWay Ecosystem combines legal smart contacts, payment options in fiat and cryptocurrency, escrow service and dispute resolution services. www.prepayway.com

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store