53 Contract with a contract written in a more traditional, independent way, and in uncoded language. This solution is temporary until the outstanding gaps in Smart Contracts' technology are addressed and eliminated. The Hybrid Contracts combine the instructions as encoded and in natural language. At certain stages of the overall agreement, the code will be the underlying contract and the wording provided in the traditional way will be supplementary or present auxiliary rules for the interpretation of the Smart Contract. Hybrid Contracts synchronize two distinctly different environments to create a superior application that neither a blockchain nor a traditional contract could achieve alone, particularly because each segment specializes in providing features that the other does not. An additional avenue parties could undertake is the integration of an 'Oracle' - an external factor to the system that serves as a dynamic interface between the information in the blockchain and external databases. The Oracle can be a human or technological factor that verifies occurrences in the 'real world' and submits the information to the blockchain system (for example, the Oracle can provide information from external sources - such as interest rates, currency rates, etc.). In addition, the Oracle can examine whether each party has fulfilled its obligations as stipulated in the Smart Contract (for example, whether the seller has arranged for a Warning Note on a real estate property that was sold to the buyer). Moreover, the Oracle could be the mediating function when disputes arise and the parties have agreed upon arbitration or mediation (or similar clauses) as part of such mechanism. The Legal Status of Smart Contracts in Israel and Abroad Certain countries and states have amended their respective laws and regulations to explicitly incorporate blockchains and Smart Contracts (e.g. US – Arizona, Nevada, Vermont and Delaware). Additional countries and states will follow their lead as there may be increasing pressure to adopt unified definitions to reflect blockchain and Smart Contract developments. In the State of Delaware, where most of the US commercial corporations are incorporated, blockchain technology was introduced for use in connection with the incorporation procedure, shares transfers and other matters. Israel has not introduced to date any significant law or regulation with
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