The potential of smart contracts as a technological resource in various industries has been the focus of ambitious research. However, their real-world track record remains unimpressive, and their unbreakable feature does not increase productivity and safety in practical use cases. The solution to this problem is the combination of AI and blockchain technology, which can bridge the gap between smart contracts and non-technical individuals.
The emergence of the legal engineer profession, experts in a new type of legalese that can be understood by both humans and computers, is a result of this combination. The use of transparent smart contracts on the blockchain has the potential to greatly increase transparency and improve productivity in various industries.