Contracts Quote by Nick Szabo
“Smart property might be created by embedding smart contracts in physical objects.”
About This Quote
Source Paper: “Smart Property and Contracts”, 1998
Embedding smart contracts into physical objects creates “smart property,” enabling autonomous, programmable ownership and transfer.
In simple terms: Smart contracts can turn objects into programmable assets.
Explore embedding contracts in tangible items.
Themes
Mood
Type
When to use this quote
- property law
Key Concepts
Practical Applications
- product design
Questions to Reflect On
- What assets could benefit from smart contracts?
- How to ensure security in physical‑digital integration?
Legal and technical hurdles may impede adoption.