The advent of financial technology, or fintech, has created new opportunities, business models, products and services. Fintech innovations have disrupted the financial industry, leading to novel ways of delivering financial services not only by traditional financial institutions but also by start-ups.
One such interesting development is the emergence of smart contracts. What are smart contracts? How smart are they, and how do they compare against traditional contracts?
Associate Professor Paul Griffin is a financial technology expert from the SMU School of Information Systems and Director of the Financial Technology track under the Master of IT in Business programme. He has done much research into the efficacy of smart contracts. In this podcast, Assoc Prof Griffin shares his research findings and discusses how he sees smart contracts developing in the near future.