After reading the articles posted on Smart Contracts, I would ask that you:

$(1)$ Develop three separate and distinct scenarios where smart contracts would be a better choice than traditional contracts, making sure to explain your reasoning;

$(2)$ Explain three separate and distinct scenarios where traditional contracts would be a better choice than smart contracts, again making sure to explain your reasoning;

$(3)$ Develop your recommendation as to how smart contracts should be regulated, particularly since they are self executing and do not have any specific legal jurisdiction. In particular, I would like to understand your thoughts on how you would resolve disputes involving smart contracts; for example, how would you resolve a claim that one of the parties to the contract was incompetent? Who would decide issue?

Please Make sure to appropriately cite the sources of the information that you discover researching. Make sure to include a citation to website and any other resources you use to complete this assignment in APA style.

Please use new answers and make reference for where you got your answer or what you used as a source. Thank you.