Gartner Research

What Blockchain Smart Contracts Mean for Legal Operations

Published: 27 February 2020

ID: G00466097

Analyst(s): Lydia Clougherty Jones


Smart contracts provide opportunity to increase business value. Yet application leaders must work with general counsel to make dramatic adjustments to these software-coded contracts — for law department operations, legal reasoning and advice, and obligations to partners and governmental entities.

Table Of Contents
  • Impacts


Impacts and Recommendations

  • Smart Contracts Are Written in Software Code, Creating a Skills Gap for Lawyers Who Do Not Code and Coders Who Do Not Draft
  • Smart Contracts Exist in a Code-Based and Automated Legal Reality, Offering Business Value and Requiring New Business Strategies
  • Externally Imposed Adoption of Blockchain and Smart Contracts Is on the Rise, Impacting Business Risk and Value

Gartner Recommended Reading

©2021 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Purchase this Document

To purchase this document, you will need to register or sign in above

Become a client

Learn how to access this content as a Gartner client.