Why smart contracts still need human logic
▻https://hackernoon.com/why-smart-contracts-still-need-human-logic-e4c07885e26a?source=rss----3a
Smart contracts automate the execution of simple agreements, but what happens when mistakes in code are made and transactions need to be altered or reversed? Smart Laws introduce human logic to situations, pairing current legislation with distributed ledger technology so that justice can be done and data returned to their rightful owners.The advantages of distributed ledger technology are clear to see: immutable nature, increased security and elimination of intermediaries. The ways to realise these advantages are also pretty evident: via a special cryptographic algorithm and decentralisation. So if we do the maths and add smart contracts to #blockchain, we have the ideal tool which guarantees trust between parties without having to use intermediaries.But, somehow, it doesn’t work like (...)
#automate-agreements #human-logic #smart-contracts #human-agreements