Smart contracts are self-executing contracts with the terms
of the agreement between buyer and seller being directly written into lines of
code. The code and the agreements contained therein exist across a distributed
ledger. Redundancy, Safety, Trust, Speed, Savings, Efficiency, Autonomy and
Transparency are just a few benefits of Smart Contracts. However, there are
some contracts—"in real life" contracts—that exist to manage complex
and unexpected conditions. And then there is the issue of security. How secure
are blockchain smart contracts with regard to Availability, Integrity and
Confidentiality. Our view is that while these issues are real and tangible
today, like most emerging technologies, such issues are either resolved or
mitigated as the technology matures. Please share your thoughts on the
viability and security of blockchain smart contracts. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
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