What is a smart contract and what’s it good for?

Nick Szabo — a cryptographer, creator of a precursor to Bitcoin called “bit gold” and rumored creator of Bitcoin itself — was writing about smart contracts back in 1997, but it’s only in the past few years that the concept has gained steam. The momentum is due largely to the development of the Bitcoin cryptocurrency as well as the technology that underpins Bitcoin: blockchain.   via SearchCIO  http://ow.ly/MTGt300e6O9