"Are Smart Contracts Legally Binding? Exploring the Legal Implications of Smart Contracts"Smart contracts are self-execution, self-enforcing contracts written in a programming language, such as Ethereum's Solidity or Hyperledger's Swift.
Smart contracts are a revolutionary concept in the world of blockchain technology. They allow for the execution of contracts without the need for third parties, reducing costs and increasing transparency.
In the world of blockchain and distributed ledger technology, the terms "smart contract" and "smart legal contract" are often used interchangeably.