From real estate to crypto – smart contracts adoption has been rapid as industries reap the benefits of automated transactions that eliminate intermediaries’ costs and inefficiencies.

While smart contracts offer censorship resistance, faster transactions, and privacy, the lack of central intermediaries often concerns law enforcement.

Smart contracts are by their nature autonomous code, following pre-designed rules, with no “personhood” attached and this has created the benefits and difficulties we see today in smart contracts.

Recent legal and regulatory actions threaten to harm smart contracts’ innovation and civil and societal benefits.

As smart contracts gain prominence, is there scope for innovative design addressing policy and compliance concerns? What are the possibilities and limitations?