Smart Contracts and Chains of Distributed Ownership

Blockchains and sidechains: decentralized and distributed store of value and transfer networks that consist of replicated, unalterable, and time-stamped transaction ledgers. Smart contract: a legally enforceable agreement written in computer code made by competent parties, to perform or not perform a certain act.  Contracts may be express or implied, bilateral or unilateral, executory or executed, and…