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Just a question. If your concept is used outside of the blockchain (applied to a non-blockchain system) would you still call it "smart contract"?
Yes, albeit probably a rather poor smart contract, since trust-minimized blockchains provide far more secure control over assets. I thought up smart Ks many years before the appearance of trust-minimized blockchain scripts in Bitcoin etc., which made smart Ks far more practical.
That's why I asked. When you came up with this term in late 90's there was no blockchain. So, outside of the blockchain, what would differ a smart contract from any automatized contract?
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