Differences between smart legal contract and smart contract
by SMEBOOK (admin) · February 28, 2021
A widely accepted definition of Smart Contract is some version of computer code that, upon the occurrence of a specified condition or conditions, runs on a distributed ledger (or blockchain). Alternatively, a Smart Legal Contract (SLC) can be described as a legally binding, digital agreement in which part or all of the agreement is intended to execute as algorithmic instructions. A more fundamental difference between a smart contract and a legal contract is the authority that dictates enforcement of the contract.
SMEBOOK is reinventing the management of tech companies’ assets by providing a matchmaking algorithm capable of recommending partnerships according to needs and interests.