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Smart contracts provide automation in blockchain solutions. They are immutable, decentralized and deterministic, which make them ideal to remove third-parties and let peer-to-peer interactions. Once aggreed between the parties and deployed on a distributed ledger, their activities and outcomes can be verified, so they can be trusted by all stakeholders. Everybody involved in DLTs are interested in smart contracts and the benefits they bring, but are also worried because there are many aspects about smart contracts they don't understand including legal and ethical insecurities. The main goal of this workgroup will be to enable give an academic perspective to this research topic and in parallel make clear to users, developers, researchers, businessmen, decision makers and others interested in smart contracts to understand how they can be utilized among practical ways to utilize them on the different DLTs that are under the Hyperledger unbrella and also explore all potentials from deploying them to in everyday software solution scenarios. 

Scope

The scope is to define concepts regarding smart contracts and to produce material to describe the various aspects and meanings, trying to come up to standards or good practices. The audience for smart contracts is large and spans from researchers, developers, businessmen, decision makers, policy makers, law makers, software users, citizens to governments, banks, financial institutions, insurance providers, etc

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