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by ojosilva 3573 days ago
And things like Smart Contracts are relatively new (1994), even though the concepts had been laid out in the 1970s. Smart Contracts are part of what makes blockchain more versatile, enabling transaction ledgers that can support the level of overwhelming (and sometimes unnecessary) complexity BFSIs can produce.

Unfortunately, even at this point, Smart Contracts probably still have many security challenges to overcome before banks can adopt it.