Time to put things into practice in the fourth video and zoom in on how a deterministic board game like chess demonstrates the logic of blockchain technology.
In this week’s video Arnold Daniels, co-founder of LegalThings, explains how live contracts could serve as a means to collaborate for humans and computers and how they can complement each other.
Blockchain technology and smart contracts are considered the holy grail when people talk about automation of law and agreements. No longer would we need lawyers, judges and other kinds of arbitration to solve our conflicts as we pour all our predefined rules and…
The idea for Live Contracts has been lingering around for a while. Take for example the extant concept of Ricardian contracts, which is very similar. Ricardian contracts originate from early work done by Ian Grigg…
A major benefit of smart contracts is that they can be self-enforcing.
A self-enforcing agreement is an agreement or contract between two parties that is enforced only by those two parties; a third…