The term “smart” in smart contracts may well excite many readers to think they are the ultimate solutions. Perhaps you may think of smartphones and what they are capable of doing. You use smartphones to surf the net, send emails, watch movies, conduct zoom meetings, transact, take pictures and videos, learn, teach, and many other everyday conveniences. While that is smart indeed, does the same apply to blockchain’s smart contracts in their current form?

In addition to part 1, this article will focus on some other third party based payment systems and how their existence could be threatened because of the unrelenting conquest launched by block chain.

As you already know, ethereum is an open-source platform for application deployment. However, just how can you personally get involved and build an application that will eventually run on this block chain?