Mabe: There is too much potential in that there's too much that you could actually be doing with them. He says people kind of wanting to do everything in smart contracts isn't necessarily a good idea, but there are definitely good use cases. Mabe also talks about how the block chain can arbitrate between different parties for value-based transactions such as bank deposits or credit card payments.
In this episode, we dig into what the term smart contract means with our guest James Prestwich. First introduced in 1994 by Nick Szabo, smart contracts have inspired whole ecosystems of companies and projects to start thinking about blockchain in much bigger terms.
We explore what the term 'smart contract' means, where it comes from, some use cases and some of the new challenges that come along with it.
Follow James on twitter @_prestwich