# kaal:claim:3227933-017

**Claim.** 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.

**Type.** definitional  **Support.** asserted

**Source quote.**

> 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, page 12

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

**Verify.** sha256 of source PDF `a9e9660c4dc25a2202f1da4e762f5885256e05f68c53ca51942f5833a7a4c108` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Fenwick%20et%20al.%20-%202018%20-%20Why%20%27Blockchain%27%20Will%20Disrupt%20Corporate%20Organizations.pdf

**Topics.** smart-contracts, compliance

**Keywords.** smart-contracts, automation, contract-enforcement, definition

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3227967-021
- extended_by: https://wulfkaal.github.io/claims/3782214-015

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