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Smart (Legal) Contracts, or: Which (Contract) Law for Smart Contracts?
2020The law applicable to smart contracts is a neglected topic. At times it is even discarded as irrelevant or unnecessary. In fact, many authors claim that smart contracts especially when stored and executed with the help of blockchain technology make contract law and, in fact, the entire legal system obsolete.
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The chimera of smart contracts
2020This comprehensive Research Handbook examines the continuum between private ordering and state regulation in the lex mercatoria, highlighting constancy and change in this dynamic and evolving system in order to offer an in-depth discussion of international commercial contract law.
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Smart Contracts for Contract Management
2020This book chapter discusses the advantages of smart contracts for contract management by presenting a decentralized application for retention payment on the blockchain platform. The proposed smart contract application performs the execution of retention clauses of a typical project contract by performing automated payment of retention immediately after
Rifat Sonmez +2 more
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Fun with Bitcoin Smart Contracts
2018Besides simple transfers of currency, Bitcoin also enables various forms of smart contracts, i.e. protocols where users interact within pre-agreed rules, which determine (possibly depending on the actual interaction) how currency is eventually distributed.
Bartoletti, Massimo +2 more
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2020
The traditional financial system has the ability to facilitate forensic investigations into crimes relating to financial fraud. The same cannot be said about the blockchain-based financial system that has come to exist over the past few years. This financial system does not tolerate third parties impeding transactions and so presents the problem of not
Byron Kruger, Wai Sze Leung
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The traditional financial system has the ability to facilitate forensic investigations into crimes relating to financial fraud. The same cannot be said about the blockchain-based financial system that has come to exist over the past few years. This financial system does not tolerate third parties impeding transactions and so presents the problem of not
Byron Kruger, Wai Sze Leung
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Smart Contracts that are Smart and can function as Legal Contracts
2018Blockchain and Distributed ledger Technologies are increasingly becoming key enablers for vital innovation in financial services, manufacturing, government and other industries. One of the biggest challenges though is the level of support for semantics by most of the Block Chain and Distributed Ledger technologies.
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