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Right; distributed smart contracts complement legal systems, like a road network complements a rail network. Of course, that’s just the simple, “immutable logi
by derefr 5y ago
Right; distributed smart contracts complement legal systems, like a road network complements a rail network.
Of course, that’s just the simple, “immutable logic” kind of smart contracts. The “updatable policy” kind of smart contracts are really just a way to encode and implement a legal system. (See: the regulation model in security tokens.)
- serverholic 5y agoI also think people complement smart contracts. The difficulty of building smart contracts makes me think people and human processes will be the glue that binds many of them together.