Discuss the feasibility of turning the 'option to purchase' into a smart contract. It may be useful

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Discuss the feasibility of turning the 'option to purchase' into a smart contract. It may be useful to consider the following points.

(i) To what extent can the needed input (name of purchaser, property, date, sum of money, etc.) be processed by a machine.

(ii) Can a machine enforce the terms of the contract?

(iii) Will new buildings or apartments pose a challenge?

(iv) Is there a need to place the contracts on a public blockchain network?

Related Book For answer-question

Accounting for Decision Making and Control

ISBN: 978-1259564550

9th edition

Authors: Jerold Zimmerman

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Posted Date: Mar 29, 2023 01:45 AM

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Discuss the feasibility of turning the 'option to purchase' into a smart contract. It may be useful

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i To a large extent the needed input for an option to purchase contract can be processed by a machin... View the full answer

Accounting for Decision Making and Control

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