[Translation] Smart Contract - A New Interpretation of Relationship Building

By now, you may have heard something about smart contracts. That topic is widely debated across the industry. Some people have excessive expectations, while others are very skeptical.

From such perspectives, most people do not yet have their own opinions and are merely gathering both supportive and opposing views. As a result, the general public often cannot grasp the overall picture of what smart contracts actually are.

In this article, we will present an objective view of the concept of smart contracts to readers without taking a particular stance.

Therefore, we plan to structure it as follows: first, we will examine the differences between smart contracts and traditional (legally binding) contracts, and then we will move on to topics of support and opposition for both.