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OPINION

The transformative nature of blockchain-based smart contracts

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The immutable nature of blockchain technology is typically celebrated for its positive implications, but this same feature also has the potential to cause adverse effects and increased risk.

AS well as providing the backbone of cryptocurrencies such as Bitcoin and Ether, the emergence of blockchain technology has enabled a range of other lesser-known technological advances.

One such development is the emergence of so-called smart contracts - an application that some advocates...

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