Question: A Smart Contract is simply an algorithm that exists within a (mostly) secure and immutable block chain. If X happens, then Y will automatically happen

A Smart Contract is simply an algorithm that exists within a (mostly) secure and immutable block chain. If X happens, then Y will automatically happen in response. One application would be a substantial simplification of ownership transfer. For example, the resell of a concert ticket to an unknown buyer. How might a smart contract facilitate the transfer of the ticket? Produce a narrative describing the process from the perspective of the seller and the buyer. What would be the advantage for selling tickets, if any, of a smart contract over an existing clearing house such as stubhub.com?

Question 2 Provide an executive summary explaining smart contracts

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