BackFirm News

Are IoT, Smart Contracts and Blockchain Ready for
Prime Time? TechTarget

In an article published on August 7, 2017 by TechTarget, Nashville partner Jason Epstein discusses blockchain and the concept of “smart contracts,” questioning whether these arrangements are smart or simply transformative. “A smart contract is just a computer code that self-executes based on input and output, which is just like day trading,” Mr. Epstein explains. Whether or not smart contract is “smart” is up for debate, in Mr. Epstein’s opinion, as it can potentially be used for anything. “If you are talking about a complex negotiation or agreement, a smart contract becomes more and more challenging if you are going to try to cover all the legal issues,” he added. For the full article, you may click here.