What are Smart Contracts? Created by the author s as par t of the unit’s group work. These are the questions, and answer s, that arose during the research of smar t contracts.
Smart contracts is a type of software [not linked to a company name] for creating contracts in code rather than in words. The software is still relatively new and not used by many people yet. Its main purpose is to regulate the exchange of resources between participants. Despite its name it is not a form of artificial intelligence, meaning it cannot make its own decisions or do anything that the smart contract has not been told to do.
Smart Contracts
