Good, non technical view of the smart contract, more details at the link:
Definition of a Smart Contract
What's a smart contract (and how does it work)? By Lucas Mearian in Computerworld
Smart contracts are potentially one of the most useful tools associated with blockchain, and they can enable the transfer of everything from bitcoin and fiat currency to goods transported around the world. Here's what they do and why they're likely to gain traction. .... "
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