**5. Concluding remarks**

The legal professions are catching up with the advancement of technology behind smart legal contracts. Not long ago, smart contracts were considered the law of the future - it is now obsolete. The series of reports published by legislators, lawyers, and the judiciary in major jurisdictions around the world means that smart legal contracts are ready to be put into everyday use. Contracts written in computer codes are gradually becoming the norm. Businesses and individuals should be prepared for the next normal. The starting point must be to have an understanding of the development of smart legal contracts, which is explained in this chapter.

This nascent practice area generates novel legal issues. Key issues are identified in this chapter. Good practices to manage the threats from these risks are discussed. To complete the jigsaw of a contracting life cycle, a bespoke dispute resolution process for smart legal contracts is also examined.

The technology behind smart contracts inevitably continues to evolve, changing how smart contracts operate and pushing the boundaries of their applications. At the same time, novel legal issues emerge. The cycle of technological advancement, the discovery of legal issues, and overcoming them continues in the journey of revolutionising the contracting practice through smart legal contracts. The way forward must be to promote the crossflow of information and knowledge between the legal and technology professions to achieve optimum collaboration for future advancement. This book chapter is published with this spirit in mind.

*Blockchain-Enabled Smart Legal Contracts DOI: http://dx.doi.org/10.5772/intechopen.109041*
