Book contents
- The Cambridge Handbook of Smart Contracts, Blockchain Technology and Digital Platforms
- The Cambridge Handbook of Smart Contracts, Blockchain Technology and Digital Platforms
- Copyright page
- Dedication
- Summary of Contents
- Contents
- Contributors
- Preface
- Part I General Framework
- Part II Contract Law and Smart Contracts
- 4 Formation of Smart Contracts under Contract Law
- 5 Challenges of Smart Contracts
- 6 Contract Interpretation
- 7 Smart Contracts
- Part III Electronic Platforms and Networks
- Part IV Privacy, Security and Data Protection
- Part V Smart Contracts
- Part VI Future of Smart Contracts, Blockchain and Artificial Intelligence
7 - Smart Contracts
Contractual and Noncontractual Remedies
from Part II - Contract Law and Smart Contracts
Published online by Cambridge University Press: 25 October 2019
- The Cambridge Handbook of Smart Contracts, Blockchain Technology and Digital Platforms
- The Cambridge Handbook of Smart Contracts, Blockchain Technology and Digital Platforms
- Copyright page
- Dedication
- Summary of Contents
- Contents
- Contributors
- Preface
- Part I General Framework
- Part II Contract Law and Smart Contracts
- 4 Formation of Smart Contracts under Contract Law
- 5 Challenges of Smart Contracts
- 6 Contract Interpretation
- 7 Smart Contracts
- Part III Electronic Platforms and Networks
- Part IV Privacy, Security and Data Protection
- Part V Smart Contracts
- Part VI Future of Smart Contracts, Blockchain and Artificial Intelligence
Summary
Chapter 7 examines smart contracts’ ability to self-perform, self-enforce, and self-remedy and the remaining applicability of contract law and contract remedies. Smart contracts (coupled with blockchain technology) have created visions of self-executing, self-enforcing, and self-remedying contracts that eliminate the need for courts or arbitral tribunals to apply contract law to disputes. The theory goes that, since the possibility of breach is eliminated in such contracts, contract remedies become unnecessary.
Keywords
- Type
- Chapter
- Information
- The Cambridge Handbook of Smart Contracts, Blockchain Technology and Digital Platforms , pp. 118 - 140Publisher: Cambridge University PressPrint publication year: 2019
- 1
- Cited by