Smart Contracts are a new generation of computer programs that execute transactions on networks of computers called blockchains without the need for human intervention and intermediation. Most people associate blockchains with cryptocurrency such as Bitcoin, but as I explain in the latest issue of the Investment Adviser Association’s IAA Today, smart contracts have the power to transform financial market infrastructure. Check out my Smart contracts and the future of financial instruments: A practical guide for Investment Advisers.
You can also read a PDF of the article here.
