blockchain smart contracts lawyer and data feeds

Cool stuff going on in blockchain and side chains and smart contracts. 

" OpenLaw, the smart contract pioneer from New York, has partnered with Thomson Reuters to conduct a proof of concept (POC) that tests how Contract Express and the OpenLaw system can work together to log hashed data points from contracts on the Ethereum blockchain. That in turn has made it possible to begin with a Contract Express document and turn it into a smart contract with digital currency transaction and self-execution elements. 

The POC included executing smart contracts ‘on-chain’ from data inputted through Contract Express. "

https://www.artificiallawyer.com/2019/10/17/thomson-reuters-links-with-openlaw-for-smart-contract-express-project/

Cardano testnet smart contracts

https://iohk.io/blog/cardano-smart-contracts-testnet-iele-launches/

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/