Can Smart Contracts Exist Without Blockchain? S&P Global's Bold Experiment Says Yes

Can Smart Contracts Exist Without Blockchain? S&P Global's Bold Experiment Says Yes

As a crypto analyst knee-deep in blockchain architecture, I've always assumed smart contracts were inseparable from distributed ledgers - until S&P Global Platts proved me wrong. Their centralized 'Trade Vision' platform for commodity trading uses smart contracts without blockchain's computational overhead, sacrificing some decentralization for speed and cost efficiency. This piece dissects their controversial approach and what it means for DeFi purists.