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2 - Definitions of Smart Contracts

Between Law and Code

from Part I - General Framework

Published online by Cambridge University Press:  25 October 2019

By
Riccardo de Caria
Edited by
Larry A. DiMatteo ,
Michel Cannarsa  and
Cristina Poncibò
Larry A. DiMatteo
Affiliation:
University of Florida
Michel Cannarsa
Affiliation:
Université Catholique de Lyon
Cristina Poncibò
Affiliation:
Università degli Studi di Torino, Italy
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Summary

Chapter 2 investigates the legal dimensions of smart contracts. It analyzes the current legal framework, describes some relevant practical issues, identifies the main legal questions raised by the subject, and offers some conclusive remarks. In particular, Chapter 2 aims at exploring whether this potentially breakthrough technology (i.e., the blockchain) implies a legal revolution: Do smart contracts require new legal avenues to be developed, or is it instead appropriate to adapt the existing legal categories to the new reality? In either case, how are and should they be regulated?

Keywords

Blockchaindisruptionsmart contractregulationlaw and technology
Type
Chapter
Information
The Cambridge Handbook of Smart Contracts, Blockchain Technology and Digital Platforms , pp. 19 - 36
Publisher: Cambridge University Press
Print publication year: 2019

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