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How smart are smart contracts? - Christina Scicluna


Blockchain technology has developed and matured during the last five years and is continuing to develop to extend beyond cryptocurrency applications, which today still remains one of the largest and widely recognised application of blockchain. 

At the forefront of these applications are smart contracts. But what exactly are smart contracts? Simply put, a smart contract is an agreement entered into between parties which is translated into code and which is capable of being enforceable and executed without the need of third-party intervention.

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