Monday, April 17, 2017

Cost benefit analysis of smart contracts.

"The aim of smart contracts is to deliver superior security than traditional legal contracts and to reduce the administrative and transactional costs involved in legal transactions. While smart contracts will most likely not universally replace traditional legal contracts in the near future, they can reduce the burden, time and complexity of writing new legal documents for each new transaction as smart contracts can automate this process to a large degree."

Good read.

https://btcmanager.com/a-cost-benefit-analysis-of-using-smart-contracts-in-banking/