What is a Smart Contract?Further Misunderstanding – Ricardian ContractsHow Does a Smart Contract Work?Distributed Ledger Technology and BlockchainCentralised, Decentralised and Distributed NetworksTransactions, Blocks, Merkle Trees and MiningMerkle TreesConsensus AlgorithmsBlockchain ProtocolsAn Alternative Future for DLT – Hashgraph?DLT and Smart ContractsSmart Contracts – Legally Binding?Benefits, Limits and Risks of Using Smart Contract TechnologyLegal IssuesOperational IssuesLearn to Walk, Before You Can RunBibliographyNotes