IDG Contributor Network: Arbitration mechanisms key to viable smart contract platforms

A good number of organizations are now considering adopting blockchain into their organizations. Much of the hype surrounding blockchain has been focused mainly on cryptocurrencies.However, unless investments factor into the overall business strategy, most organizations would benefit more by focusing on smart contract technology. Smart contracts are computer programs that could record the terms of agreements using blockchain and automate the steps to their fulfillment. Since blockchain already f