The Evolution of the Contract Stack

Here's a neat summary of what's in store for the evolution of contracts.

It sees three major technical phases affecting contracts: (1) PDFs > (2) e-signature > (3) NLP/AI/DLT.

But I'd argue that the more efficient victory awaits by letting APIs / IoT jump ahead of AI to take position #3 – a problem that the folks at seem set on solving with its 'Contract Stack'.

In their words:

"We firmly believe that the contract must transition from a static, manually managed, entity that to one that is dynamic, self-managing, and seamlessly integrated into business processes. This will only occur by enabling contracts to interface with data, auto-reconcile with other systems, perform transactions, provide real-time feedback and analysis to users, and integrate with other enterprise data." No AI required.