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8 - AI and Smart Consumer Contracts

from Part III - Liability

Published online by Cambridge University Press:  21 October 2024

By
Pınar Çağlayan Aksoy
Edited by
Larry A. DiMatteo ,
Cristina Poncibó  and
Geraint Howells
Larry A. DiMatteo
Affiliation:
University of Florida
Cristina Poncibó
Affiliation:
Université de Turin
Geraint Howells
Affiliation:
National University of Ireland, Galway
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Summary

AI-enhanced smart contracts exhibit a high degree of autonomy in their ability to create and execute transactions between and among humans and machines. AI should allow a broader use of of marts contracts in consumer transactions by allowing businesses to satisfy consumer protection law through the coding of smart contracts. AI should be used to advance the principles of fairness and economic efficiency in the drafting and enforcement of smart consumer contracts.

Keywords

Smart contractsAI-enhanched smart contractsWeb 3.0Consumer smart contractsStandard contract termsRight of withdrawal
Type
Chapter
Information
The Cambridge Handbook of AI and Consumer Law
Comparative Perspectives
 , pp. 99 - 115
Publisher: Cambridge University Press
Print publication year: 2024

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