Smart Contracts: coding the fine print

Publication | March, 2016

Smart contracts are receiving significant attention from businesses across a broad range of industry sectors, and for good reasons. Smart contracts, when used in conjunction with distributed ledgers and blockchains, have the potential to:

Deliver costs savings by streamlining back office processes
Verify identity and certify transactions
Provide an indelible record of transacting history
Enable strangers to trade directly with each other without the need for a trusted third party intermediary
Automate buy, sell and supply transactions on a B2B and B2C basis, including in combination with the internet of things

Our global technology team have created a guide entitled Smart Contracts: coding the fine print to address some of the legal, regulatory and commercial issues relating to smart contracts. The guide also considers the potential impact of smart contracts on various industry sectors, outlines the nature of smart contracts and examines potential obstacles to their uptake.

To discuss any of the issues or request a copy of the guide, please get in touch with us.