“There is also life-cycle management,” Mr. Norta adds. “When you bring people or agents together, they collaborate. There is some notion of mutual trust involved in this collaboration. As collaboration unfolds, if some violation happens, this life-cycle management must have systems in place to manage the relationships.

The questions that come up, according to Mr. Norta, are: “What happens to malevolent agents? How is such an agent treated? Is it eliminated and replaced?”

The implications are far-reaching, from e-healthcare to e-governance. “We have many complex, highly distributed systems and spend a great deal of energy as a society on information and value transfer,” says Mr. Norta. “It’s costly, time-consuming and we can automate that now.”

This is what Agrello plans to do by adding AI and agent technology on top of smart contacts. “The smart contracts themselves are not all that in-and-of themselves aware,” elucidates Mr. Norta. “Until you bring agents into the pictures to enhance the performance of value transfer logistics.”

Agrello is aiming for that with four use-cases: employment, long term residential real estate rent, commercial real estate and loan agreements.