Blockchain enabled smart contracts: all you need to know Smart contracts have been in the picture for some time now. They are making the establishment of contractual relationships among mutually unknown parties easy and safe. With blockchain as their underlying technology, smart contracts are changing the way we do business.
The concept of smart contracts dates back to 1997. Vending machines, introduced that year, are the simplest version of this concept. These machines release an item only after it has…