Joe Raczynski: Lawyers should not be worried about their jobs becoming obsolete in the near future. However, in time, when smart contracts begin to truly take shape, it will make the drafting and execution of these documents more automated. In the majority of situations, you will have web forms that ask questions, anyone can fill out the answers, and then the document is drafted. Once the document is completed, it is stored on a blockchain. If there are contingencies — for example, sell all shares of a stock upon the death of Person A — the contract will do this. A “Smart Contract” is essentially a few pieces of code that executes or does something based on some perimeter. It is essentially an “if/then” statement.