Smart contracts are one of the most popular and exciting sectors in the fast growing blockchain industry. Depending on the specific situation or transaction, their application may be the best alternative to traditional contracts, which are sometimes complicated, slow and
Expensive. However, smart deals are not suitable for all transactions and sometimes, the traditional deal is best. And while smart deals can calm some transactions, they are not free from the potential to create legal issues or legal disputes.
Here's a look at some of the key differences between smart contracts, traditional contracts and automated electronic transact ions, and the legal issues associated with smart contracts.