Smart contracts, powered by blockchain technology, have emerged as a transformative force in the realm of legal agreements. These self-executing contracts promise increased efficiency, transparency, and security, but they also raise unique legal challenges.
A key concern surrounding smart contracts is their enforceability in a court of law. Traditionally, contracts are enforced based on the meeting of minds and the intention of the parties involved. Smart contracts, however, lack the human element, relying solely on code execution.