Nature of Smart Contracts

How can I implement Smart Contracts in my business?

Hypothetically, anyone can write a smart contract and deploy it to a blockchain network.

"Parties seeking to utilise smart contracts to conduct transactions would normally require a technical expert, such as a programmer, to code the essence of parties’ agreement, or confirm the accuracy of the code written."

"The smart contract is then recorded on a blockchain-based platform, such as Ethereum. Blockchains are decentralised ledgers that use Distributed Ledger Technology (DLT). This means that there is no single user or central administrator that controls the entire blockchain system."

"On the Ethereum blockchain, Solidity is a common programming language used to implement smart contracts."

Source: Singapore Legal Advice