Smart Contracts: Some Clarifying Remarks From a German Legal Point of View
16 Pages Posted: 24 Jun 2018 Last revised: 25 Apr 2019
Date Written: April 24, 2019
Buzzwords such as digitalization, automation, algorithms, and robotics cast shadows ahead that only hint at what our future could look like. The term smart contracts cast some of these shadows – not only on the question of what relevance the underpinning technology might play in future but also on the question how to embed the technology into the existing legal framework. This article intends to shed some light into the dark and to sharpen the blurred lines of the misleading term of smart contracts.
Keywords: Smart Contracts, Blockchain, Ethereum, Self-Help, Innovation, Digitalization, Automation
JEL Classification: K12, K19, K20
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