Blockchain and Smart Contract for Contract Management (Dispute Prevention and Generation)

2018/SOM1/EC/WKSP2/005 , Paper presented at the APEC (Asia-Pacific Economic Cooperation) Workshop on the Use of Modern Technology for Dispute Resolution and Electronic Agreement Management Particularly Online Dispute Resolution (Port

12 Pages Posted: 28 Apr 2020

See all articles by Koji Takahashi

Koji Takahashi

For a full bibliography with links to full text not listed on ssrn, see https://www1.doshisha.ac.jp/~tradelaw/index.html; Doshisha University Law School

Date Written: March 4, 2018

Abstract

After comparing and contrasting smart contracts with computer codes running in a central server, this paper notes that "smart contracts" are not contracts in the legal sense and considers their implications for contract management and dispute prevention. It alerts that the features of smart contracts are prone to generate disputes which often involve novel legal issues. The paper concludes with a brief comment on the potential use of smart contracts in dispute resolution.

Keywords: smart contract, dispute resolution

Suggested Citation

Takahashi, Koji and Takahashi, Koji, Blockchain and Smart Contract for Contract Management (Dispute Prevention and Generation) (March 4, 2018). 2018/SOM1/EC/WKSP2/005 , Paper presented at the APEC (Asia-Pacific Economic Cooperation) Workshop on the Use of Modern Technology for Dispute Resolution and Electronic Agreement Management Particularly Online Dispute Resolution (Port , Available at SSRN: https://ssrn.com/abstract=3566678

Koji Takahashi (Contact Author)

Doshisha University Law School ( email )

Kyoto
Japan

For a full bibliography with links to full text not listed on ssrn, see https://www1.doshisha.ac.jp/~tradelaw/index.html ( email )

Karasuma-Imadegawa Kamigyo
Kyoto 602-8580
Japan

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