​​​​​​​Artificial Intelligence (AI) has many benefits – a home with smart technology can reduce energy use; AI can help predict disasters, such as the path of wildfires; and enhances automation, making for more streamlined manufacturing. However, AI can also be used for malicious activity, particularly as hackers use the technology to commit bigger and more efficient attacks.

A smart contract is a way to handle business transactions to ensure they are secured, accurate, fast, and cost-effective–all without involving a third party, such as a bank. A smart contract uses a computer program that automatically executes the contract, the specifications of which are written into the program code.