Machine learning won’t kill lawyers, but blockchain will | collaboration |

Smart contracts will replace traditional paperwork ubiquitously and almost instantaneously, where the block chain transfers payment when the appropriate conditions have been met.

Think the delivery of wheat where payment is triggered when the delivery vehicle hits certain co-ordinates for geographic location on a map. The block chain updates and the ledger records all relevant information for all parties.

No intermediaries, no disputes, only facts recorded for all to see. Any disputes are easily resolved by referring to the information recorded.