By Scott Farrell, Annabel Griffin, Roslyn Hinchliffe and Claire Warren. King & Wood Mallesons

1farrell_s (1)griffin_aA smart contract is an agreement that automates otherwise manual tasks…

A smart contract is simply any agreement that can execute a part of its functions by itself. One example is a contract which automatically calculates the payments which are due between the parties, and then arranges for those payments to be made. Smart contracts reduce the amount of human intervention that is required for the performance of an agreement.

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