All Pro Web Designs > > Learning Tutorials > Blockchain > What are SMART CONTRACTS on BLOCKCHAIN? LAWYER Explains Why it is a GAME CHANGER!
What are SMART CONTRACTS on BLOCKCHAIN? LAWYER Explains Why it is a GAME CHANGER!
- December 23, 2023
- Posted by: MainInstructor
- Category: Blockchain Learning Tutorials
Video Title: What are SMART CONTRACTS on BLOCKCHAIN? LAWYER Explains Why it is a GAME CHANGER!
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Huh? So if only half the goods arrive at the warehouse, there is still no way to stop the full payment if the parties are using a smart contract? How is this a good thing…
Thanks, this was super clear!
well explained thank you for being so particular….
What happens when a smart contract is supplemented with new programming or rewritten to alter the original function?
This is the problem. Uneducated ‘experts’ explaining something that simply is not true.
is there a part 2 posted, having trouble finding it ✨❓
So what happens if they only get half the goods? The contract pays 100k?
How would the parties in the example you provided deal with that same partial shipment scenario with a smart contract?
Know of anyone who can help put a couple things together using smart contracts?
early in the blockchain legal space. keep going
Where is part 2?
Very good example with the Vending Machine. Helped me a lot to understand the basic idea of smart contracts. Thanks
Good info
Part 2 please!
This is actually a great explanation of smart contracts. The word contract is a bit deceiving so I appreciate the layman breakdown and some real work examples of how it contrasts with traditional methods.
No banks are needed when it comes to crypto.
What happens when the vending machine doesn't give you your coke and took your quarter?
In example one – You present a dispute resolution for a traditional contract. In the blockchain example – you do not present a solution for dispute resolution for a breach of a smart contract. I don't understand.
Hi Jeremy, if I understood you correctly the purchaser of the service or product is more exposed under a blockchain transaction. What are the remedies available to the purchaser? Also in the case of a smart contract mortgage where the borrower borrows from a group of lenders, the legal costs may be greater than the amount of money borrowed making recovery via the legal system uneconomic. This, I would think would be further exacerbating if the lenders were in other countries. Am I correct?
So are you going to do part 2 of enforcement
You mention a part 2 on smart contracts. What is the title of the next video on smart contracts? Thanks!!!!
This is foolish…. having a simple contract reside on thousands of computers is silly. Self executing contracts sounds good but fail miserably when people want to make a simple amendment. How would rents be deferred in the event of a covid eviction moratorium? These contracts are dumb not smart.
Isn’t it bad that you can’t stop the transfer if they short you?
But the other half of the shipment didn’t come, how does smart contract deal with that?
Is part 2 available?
Will I ALWAYZ git my Coke, wit these SMART conTRACTZ?
Automation, don't ALWAYZ work, does it?
Horrible explanation… you basically showed me why I wouldn’t want to use a smart contract. If half my shipment arrived I WANT THE BANK to stop payment! Duh!
Sorry where can I find the part 2? Any link?
Thank you Jeremy, very uselful and easy to understand video. I subscribed to the channel and I am looking forward to watch more interesting content such as this one. Cheers.
Hi there ! I don’t see the part 2 in your videos, is that correct or what is the title ? Maybe I am just keep missing it 🤦♀️😂
Doge signing a smart contract, you herd it here first….
The middle man removed in most instances will be lawyers
Xrp will be king
big fan of mr.Hogan
I was going to comment the way you explain / educated us is like a great Teacher. And then I remembered. OH YEAH. You were a Teacher. Best to your family and. Thank you for ALL your great input. 👍
Jeremy please make the second part to this, this video was really helpful and appreciate the work you put in for us here1
I didnt understand. Now I do. that was a very efficient effective video.
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Please clarify. I understood that the regular legit written contract works, but sometimes with a problem that may delay payment or cut in 1/2. So; how would I allow a fast smart contract that ia exclusive for payment and products are wrong, damaged or lessl??
I looked and can’t find part 2. Can someone please post a link to it?