Finally, a legal clarification on smart contracts 

IBM's definition of smart contracts is: "Smart contracts are digital contracts stored in a block chain (blockchain) that are automatically executed when predetermined terms and conditions are met." Interestingly, the use of smart contracts has been announced as a factor in the possible decrease in the use of some legal services. After all, it seems that we are increasingly surrounded by algorithms and machines that replace humans in the execution of transactions, making business processes more efficient, faster and therefore potentially less risked by companies that have historically trusted their staff. But when people started talking about smart contracts, many lawyers joked: "Smart contracts are not smart and they are not contracts." 

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