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Contractual and Noncontractual Remedies
from Part II - Contract Law and Smart Contracts
Published online by Cambridge University Press: 25 October 2019
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.
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