Hi, is Agrello smart contract's legal terms internationally applicable or just in Europe/Estonia?
Say if I live in some 3rd-world country will the smart contract created with Agrello's app going to be valid/legally enforceable in my country (any country ex-Europe/Estonia)?
My question remain unanswered. Disturbing to say the least.
Sorry I missed this other question of yours!
Maybe it will help to think of it this way:
The ink from two people comes together on a single piece of paper, that becomes called a 'contract'.
They write in their own local language, and the language of their laws, guided by a legal professional.
The Agrello smart contract is similar to the modern version of this paper and ink system.
It automates the language and guidance parts as much as possible.
In this way, the final construction takes place locally, while the underlying system, and some master templates, are distributed digitally anywhere in the world, maintained by an incentivized database of professionally created templates. So only the first time is difficult, and then gets easier as network effects begin to grow.
With the words "blockchain" and "smart contracts" being among the hottest in tech, and politicians being what they are, they will be clamoring to get the credit for bringing this tech to their countries economies - this is already starting to happen.
There is plenty of low hanging fruit to get the wheels moving - simple contracts mediated by the trust that blockchain brings. The parties involved are motivated to use these because they will save money and time with the higher automation.
With everyone involved motivated to do this, it will get done. It's not much different from how we used to require signatures to transfer any money from your account (a contract), but when the technology came around like ATMs and internet banking, soon that tradition ended, and we accepted other, digital forms of ID, signatures, and terms - even without the paper!
