Smart Contracting

Smarter Contracting is the increase of Smartness in Contracting. See also securitsation.
It is a type of Smart Contract Management. A Managed Smart Contract allows multi-parties to create, negotiate and manage a digital contract. Users can view the difference with previous versions of the contract terms and ensures contract sign integrity - i.e. ensure all participants in the contract have signed the same version of the contract.
I like to refer to smart contracts as 'code which can automatically execute *some* part of counterparty agreements on an autonomous basis, if some necessary conditions are met.' 
Though that 's not as punchy as just calling it smart contracts :-/ [Jain 18]Immutable history with time-stamping. Digital Signatures removes the need for manual overheads. Version history ability to compare and view updates on the contract terms. Improves productivity/efficiencies across the contract process. Data Quality/Consistency enforced.
Imagine sitting on a train and everyone telling the person next to them what they had for breakfast. No one person (or link) knows what everyone had for breakfast, but collectively the knowledge of the whole train carriage knows everything about the various breakfasts that were eaten on that particular morning. Put into more practical uses, banks and financial institutions use this all the time to make a shared ledger of time-stamped, encoded transactions (or blocks) that are shared across a network of institutions.
Smart contracts explained
If you take these blocks and add some coding to them in simple logic such as “if X happens, then do Y,” you arrive at the basics of the “smart contract.” Again, put in more practical terms, organizations will code a transaction such as “if the price of gold hits X per ounce, then sell the gold.” [ Craig Conte ]What everyone is getting excited about is that if a smart contract works (and they do), and entities can effectively perform transactions in real time without extra cycles or reviews, and if these transactions are just logic based, couldn’t we just push the limits of the “coding” to get to more sophisticated contracting [ Craig Conte ]
History: The smart contract principles laid down by Nick Szabo came out in 1994, and were refined in 1996, more than a decade before the launch of bitcoin. The Ethereum network was designed to facilitate smart contracts. But Ethereum wasn’t the start. Anyone who says otherwise hasn’t even bothered to grasp the basics. The idea of the smart contract has evolved over decades. Broadly defined, electronic contracts are more than a century old. The first version of what today we’d call an e-signature was confirmed as enforceable by a court in 1869. Szabo understood this. He says in his writings that examples like the Automated Clearing House (ACH), dating from at least the early 1970s, were forerunners of smart contracts. So, we’ve got a lot of history of people building auto-executing contracts. [Smolinski 18]