Jusletter IT

With the advent of blockchain as a decentralised database, with the ability to store a public registry of assets and transactions across a shared, trusted, peer-to-peer network, and the sophistication of software code as a form of communicating information and automating complex instructions, blockchain has the capacity to significantly disrupt and transform the legal and business landscape. In this article we consider the extent to which «smart contracts», agreements reduced or replicated in software code whose execution is both automatable and enforceable, can replace traditional legal contracts.