Smart Contracts, Part 2: The Legality
▻https://hackernoon.com/smart-contracts-part-2-the-legality-761cc4be100d?source=rss----3a8144eab
The legality of smart contracts is often ambiguous — regulations need to be clarified, and a smart dispute-resolution system must be created. The past few years have seen a global spike in the excitement over smart contracts and the #blockchain technology that supports them. But not everyone has gotten carried away, Wharton Legal Studies Professor Kevin Werbach is one such person.In a recent podcast, Werbach said, “Even though we think machines can render contracts effectively, there are lots of situations where they cannot.” This is a good rejoinder to those who proclaim that smart contracts have ‘solved’ contract law or that we can build a future without traditional government or legal systems.“Even though we think machines can render contracts effectively, there are lots of situations where (...)
#cryptography #smart-contracts #smart-contract-legality #ethereum