Computable Contracts Project: Executive Summary
1 Pages Posted: 23 Aug 2017
Date Written: July 22, 2017
“Computable contracts” are contracts that computers can read, understand, and execute. This project aims to develop a general protocol for expressing computable contracts, as well as a series of open-source software tools for creating them. The protocol will be flexible, extensible, and compatible with existing technologies including blockchain and financial contracting standards. The software tools will be free, open-source and user-friendly. The overall project goal will reduce contracting transaction costs for entrepreneurs, and empower individual users and large and small businesses to engage in low-cost, electronic contracting.
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