There's Trouble Brewing with Smart Contracts - DataScienceCentral.com
Smart contracts are fast becoming the new bartering system. Gone are the legal and financial barriers to property ownership; In their place are short lines of "smart" code that enable digital transfer of property from one person to another. This might sound like a digital utopia, but the reality is a legal quagmire. The issues are so bad, that Terms of Service (ToS) are likely to replace smart contracts in the near future. A smart contract is code that specifies ownership and the conditions of transferability for Non-Fungible Tokens (NFTs); the code can also keep track of the number of minted NFTs and assign unique identification numbers.
Feb-2-2022, 10:15:11 GMT
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