After that Smart Licensing establishes a pool of software licenses and no Product Activation Keys (PAKs) are needed for registrations. Moreover, by Leaving inconsistent licensing entitlements and management behind, Cisco is standardizing Smart Licensing across all products. So customers can easily pool license entitlements and change them around freely when needed. While, Cisco classic licenses used to offer an imperfect view, as there was no way to keep track of all of the software licenses that they own and each device had to be registered manually using a PAK (Product activation keys), Smart Licenses are not node-locked to hardware anymore. Cisco Smart License simplifies managing licenses across organizations in different ways.
