I am curious about your point of view though.
Could you imagine blending the real world with something like a smart contract?
For example, could you imagine buying a car at a dealership with ONLY a smart contract,
or would you expect to sign additional legal terms along with it?
My feeling is you need both, but thats because some terms seem hard to automate (like a reasonable grace period if youre late on the loan).
Or, how would you resolve a situation where the car is defective or warranty disputes...
Could you imagine blending the real world with something like a smart contract?
For example, could you imagine buying a car at a dealership with ONLY a smart contract,
or would you expect to sign additional legal terms along with it?
My feeling is you need both, but thats because some terms seem hard to automate (like a reasonable grace period if youre late on the loan).
Or, how would you resolve a situation where the car is defective or warranty disputes...
Smart contracts are currently more used for digital applications, it's not really a contract like the physical paper we know in real life. Where person A makes an agreement with person B.
At least not yet, but who knows how things go if eth really goes mainstream.