Smart Contracts May Be Smart, But Are They Contracts?

Retrieved on: 2018-02-21 11:56:15

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Cryptocurrencies

Blockchains

South African law of sale

Abstraction principle

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Smart Contracts May Be Smart, But Are They Contracts?. View article details on hiswai:

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<div>Sarah Seller registers a bike on the system, describes the bike, sets a $200 sale price, and leaves the bike in a SellUrBikeEZ locker with a coded lock. SellUrBikeEZ applies a <b>smart contract</b> that says: “If a buyer chooses this item, transfer <sale price> from their payment account to the seller and send the ...</div>

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