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What you are imagining are templates. They are already widespread(see LegalZoom) and almost everyone using contracts uses them for certain things. Smart contr
by sanswork 10y ago
What you are imagining are templates. They are already widespread(see LegalZoom) and almost everyone using contracts uses them for certain things.
Smart contracts are programmatically verifiable. That is why they are flawed for almost everything. They also don't allow discretion, intent, or anything that almost everyone wants to be considered in a contract.
They also wouldn't do away with lawyers fees they would just replace them with lawyers who are also programmers fees since you don't want a novice to code a smart contract since they are locked in so if its not in the contact it doesn't matter.
Smart contract proponents(well a lot of them) believe they will literally replace the whole legal system.