Smart contracts can redefine business — But this doesn’t imply wide
![Smart contracts can redefine business — But this doesn’t imply wide openness](https://i-invdn-com.investing.com/news/Cryptocurrencies_800x533_L_1556527948.jpg)
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century.
The contract, an obligation that party A will do something party B desires at a price both agreed to be fair, is in many ways foundational for a functioning human society. As a testament to that, even King Hammurabi, credited as the author of one of the oldest legal codes in the world, saw it fit to codify regulations on the ties and contractual obligations between merchants and their agents.
Ariel Shapira is a father, entrepreneur, speaker, cyclist and serves as founder and CEO of Social-Wisdom, a consulting agency working with Israeli startups and helping them to establish connections with international markets.
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