Earlier quoted context omitted.
I'm not an ME or anything, but it would seem washers attest to pressure (tension) at some point in time (when the nut was tightened -unless the washer is "springy", which I doubt as it seems it simply yields at some point), whereas smartbolts attest to the tension when you look at them --so during maintenance and not only during installation, so from that PoV, they are more useful (informative).
That’s true, but you can have a qualified inspector mark bolts with goo with a paint line that straddles to the fastening surface. Then you can just inspect the paint line for movement, which gets you most of the same functionality at significantly lower cost. Of course, that requires a trustworthy inspector, which is one application where smartbolts become useful, if you don’t have a trustworthy inspector available…
For really critical components we would disassemble them after every use and would perform multiple tests on each piece including fasteners.