Counsel News and Events for Attorneys and Executives

3 Things Smart Contracts Need Before They Can Finally Take Off

By on January 13, 2017 in Commercial, Computers & Technology, Contracts

A new article in CoinDesk provides an overview of the ongoing issues with smart contract development, selecting just three that could remain barriers to mainstream use.

“With more than $17bn in assets stored in just the top 10 cryptocurrencies, there currently is a huge opportunity to give existing blockchain assets additional flexibility and utility by adding smart contract capabilities,” write CEO Arthur Breitman, and COO Kathleen Breitman of Tezos.

The three ways smart constract systems can earn our trust in 2017: Provide formal verification capabilities, ensure transparency so code can be inspected, and provide a clear governance mechanism.

Read the article.

 

 

image_pdfimage_print
Spread the love

Tags:

Top