When the term “smart contract” is thrown into the mix, it can create a sense of dread and inevitably lend itself an all too common existential question: Will this replace contract attorneys entirely?

Understanding just what smart contracts are and how they operate, however, quickly does away with such fears. While the technology will inevitably change how contract lawyers work, and what skills are in demand, smart contracts are far from a replacement to the knowledge and skill that attorneys bring to the table.