How to Connect Real World Contracts to Blockchain Technology (Aaron Powers, CEO Hunit)
Technically Legal - A Legal Technology and Innovation Podcast
00:00
The Importance of Smart Contracts in Preventing Fraud
You can make the argument that almost no commercial activity can happen in defi without a smart contract. Smart contracts are able to prevent fraud by preventing or mitigating the potential for misexecution by humans rights. People do so because they think it looks like a bonafied agreement. So when execution is subject to automation, taking the ability for a human who may be able to be deceived out of the equation, generalis it's an important way of preventing fraud.
Transcript
Play full episode
