The future of Contracting: What are Smart Contracts?
Recently, technological advances have increased exponentially. With each passing year, new programs and devices invented transform the status quo of various activities and professions, which is no exception for the hiring area.
From time immemorial, people have entered into contracts to regulate transactions with each other, whether of a personal, professional, or commercial nature. Starting with barter, where one good was exchanged for another, transactions for the exchange of goods and services have increased in volume and complexity. However, contracting has maintained its nature and remains at the core of such transactions.