It did not have a purely commercial relationship with the local authorities, but was operating under arrangements made within the framework of that statutory duty. (newlawjournal.co.uk)
In other words, there is now a new solution to an old problem: how do I create a service that can manage a complex web of commercial relationships between many different participants? (coindesk.com)
These technologies might not replace the traditional contracts used in the majority of commercial relationships. (coindesk.com)