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Smart Contracts vs Traditional Contracts: Same But Different

By Seshree Govender, Senior Associate at Webber Wentzel
25 March 2019 • 1 min read

Smart contracts mark the evolution of the binding contract from a set of terms and conditions, governed by the common law, into a set of conditional statements governed by a programming language and the tenets of blockchain technology. In developing a legal understanding of this evolution and its ever growing implications, smart contracts can be regarded as the “mirror image” of the traditionally understood binding contract – in that it is very similar, but also very different. (more…)


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