Smart Contracts and the Role of Law

Abstract

This paper gives an overview on smart contracts and assess their legal relevance. The first part, explains the notion of smart contract and provides simple examples of it. In the second part, we propose a legal analysis of smart contract. First, we explore how smart contracts can be relevant in the eyes of the law. Then we differentiate and assess smart contract with regards to their types. And finally, we look at chosen problematic of smart legal contracts.

Keywords: smart contract, blockchain, legal, categorization, data, property law, obligation law, contract law