SMART CONTRACT

When we try to assess smart contracts we first need to understand what this term means. It is generally agreed that Nick Szabo was the first to use this term. The gist of his definition is that smart contracts are contractual clauses embedded in hardware and software in such a way that a breach of contract is - prohibitively - expensive... Stefan Eder, partner and tech-savvy lawyer at Benn-Ibler law firm, shares his views and ideas on smart contract design and blockchain technology.

Primary location: Vienna Austria