Introduction For so long, trade has relied on the use of middlemen in order to build trust. Banks, brokers, escrow agents, and clearing houses have been the middlemen in the verification and enforcement process. Even though the middlemen have been necessary in the past, they have also introduced inefficiencies that have become more and more unacceptable in a digital economy. What Smart...

Introduction Smart contracts have been slowly evolving into proof-of-concept code through to the glue in the modern digital spaces. They work quietly, though their importance is revolutionary. The encoding of agreements into autonomous logic, known as smart contracts, removes friction, condenses timelines, and replaces institutional trust with cryptographic assurance. They are not instruments...