The Commodity Futures Trading Commission (CFTC) released a 32-page primer breaking down the uses, risks and challenges of blockchain-based smart contracts. The report, a detailed educational resource, accelerates the learning curve for US regulators, policymakers and investors. As defined by the CFTC, smart contracts are a set of coded computer functions that can self-execute actions based on criteria being met or not met. A smart contract does not have to be a legally binding contract. There are three main attributes of a smart contract. • Can authenticate (counter-) party identities, the ownership of assets and ... (full story)