Gartner Research

Be Careful What You Wish for When Engaging Smart Contracts to Support Your Digital Business

Published: 03 March 2017

ID: G00323131

Analyst(s): David Furlonger , Richard Hunter , Nigel Montgomery

Summary

Smart contracts will eventually automate the mass personalization of value exchange. Today, the technology is immature and mercurial, and once live, the outcome is irrevocable. CIOs should invoke at their peril.

Table Of Contents

Analysis

  • What Is a Smart Contract?
    • Smart Contracts Enable Mass Personalization
    • A Smart Contract Is Literally an Outlaw
  • Recommendations
    • Ask Five Key Questions
    • Focus on Clear Scenarios
    • Ensure CLM Competency
    • Perform an Operational Risk Assessment
  • The Future of Smart Contracts Is All About Supply Chain Power

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