kaal:claim:3227933-017

A smart contract is a computer program code or protocol that automates the verification, execution, and enforcement of specific terms and conditions of a contractual arrangement.

Source quote, verbatim

a smart contract refers to a computer program code or protocol that automates the verification, execution, and enforcement of certain terms and conditions of a "contractual" arrangement.

From

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018), 4. Smart Contracts, p. 12
https://ssrn.com/abstract=3227933 · source PDF

Cite as

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933

Classification

definitionalsupport: assertedsmart-contractscompliance

Related claims

restated_by kaal:claim:3227967-021 A smart contract is computer program code that enables the verification, execution and enforcement of specific...
extended_by kaal:claim:3782214-015 Rigid code is law smart contracts over fungible currency are built to guarantee irreversible, unreviewable, se...

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