The vagueness and complexity of the traditional legal contracts have motivated the study and exploration of a better and advanced contract known as Blockchain-based Smart Contracts. A Smart Contract is a self-executable contract where the terms of the agreement between the involved parties are directly written into the lines of code that resides in the distributed ledger technology known as the Blockchain. In this poster, we present a brief overview of the key features of the paradigm shift from traditional paper contracts to smart contracts. We discuss on key enabling technologies that aid in converting the traditional natural language legal contract which is full of vague words, phrases, and sentences to Blockchain-based Smart Contract, including the evaluation of metrics during our conversion experiment.
Kritagya Upadhyay
Thursday Block I