Smart contracts can be implemented for any industry where required, but most current use cases are related to the financial industry. This is due to the fact that blockchain found many use cases in the Finance industry first and sparked great research interest in the financial industry long before other industries. Recent work in smart contract space specific to the financial industry has proposed the idea of smart contract templates. The idea is to build standard templates that provide a framework to support legal agreements for financial instruments.
This idea was proposed by Clack et al. in their paper published in 2016, named Smart Contract Templates: Foundations, design landscape and research directions. The ...
