Smart Contracts – Not so Smart Legal Professionals?

Abstract

Smart contracts are becoming all smarter and increasingly available. Yet there seems to be a reluctance in mainstream industry to actually use them. It seems hard to convince general counsel, law firms, and purchasers of legal services to implement smart systems. This is a challenge for the providers of smart technology. The technology is not the problem - successful implementation is. The aim of this paper is to explore the resistance and gatekeepers within the legal industry, potentially resulting in a better understanding of how to overcome the barriers and use available smart technology. © 2018 Editions Weblaw. All rights reserved.