What Smart Contracts Need To Achieve Mainstream Adoption By Businesses
Even though there have been striding developments in blockchain since Szabo wrote his paper, his vending machine analogy to explain smart contracts is still fitting. The money goes in, and triggers the automatic release of a product, with the correct amount of change. This analogy also provides a starting point for explaining how the term “smart contract” has become misunderstood. The Missing Link in Smart Contracts In the example of a vending machine, the rules exist before anyone inserts money....