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Doctrinal challenges for the legality of smart contracts Lex Cryptographia or a New, Smart Way to Contract

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dc.contributor.authorAgnikhotram, Sai
dc.contributor.authorKouroutakis, Antonios
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2025-01-28T14:21:47Z
dc.date.available2025-01-28T14:21:47Z
dc.date.issued2018
dc.description.abstractTheorized two decades ago, smart contracts had little hope for organizing our private relationships. With the evolution of blockchain, smart contracts emerged as a new way to form digital agreements in the private and possibly in the public law sphere. These ‘coded’ agreements, automate contractual terms disrupting traditional contract law; thus posing new legal challenges. Some postulate that this technology will displace law by replacing court enforcement with enforcement by code and this displacement would be marked by the emergence of a new, independent from law, set of rules – Lex Cryptographia. Others argue that given current technological capabilities, smart contract legality would only be possible by extension of existing legal doctrines. This paper addresses the divergent view on this topic and argues that private law can, and is better positioned to be updated for encompassing the new factual patterns offered by this technology. Thus, the first purpose of this paper is to provide a preliminary diligence for evaluating the major doctrinal concerns related to smart contract legality. The second purpose: reconciling these concerns by proposing ways to integrate smart contracts into existing private law concepts.
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationAgnikhotram, S., & Kouroutakis, A. (2018). Doctrinal challenges for the legality of smart contracts: Lex Cryptographia or a New, Smart Way to Contract. J. High Tech. L., 19, 300.
dc.identifier.issn1536-7983
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3493
dc.issue.number2
dc.journal.titleJournal of Hight Technology Law
dc.language.isoen
dc.publisherSuffolk University
dc.relation.departmentPublic Law & Global Governance
dc.relation.entityIE University
dc.relation.schoolIE Law School
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.en
dc.titleDoctrinal challenges for the legality of smart contracts Lex Cryptographia or a New, Smart Way to Contract
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/acceptedVersion
dc.volume.number19
dspace.entity.typePublication
relation.isAuthorOfPublication8f5a65f4-6dc8-4fa0-b202-9e6917e258f4
relation.isAuthorOfPublication.latestForDiscovery8f5a65f4-6dc8-4fa0-b202-9e6917e258f4
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