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HomeSmart contracts and the digital single market through the lens of a “law + technology” approach
Smart contracts and the digital single market through the lens of a “law + technology” approach
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The deployment of smart contracts within the European zone could fluidify economic transactions. It also risks fragmenting the Digital Single Market (“DSM”). This conundrum calls for a constructive response to preserve both the benefits brought by smart contracts and a strong DSM. Against this background, this report adopts a “law + technology” approach. It suggests combining law and technology to develop solutions that encourage the evolution of smart contracts (rather than hindering it) in a direction that preserves and reinforces the DSM. The first chapter explains the ins and outs of the “law + technology” approach based on the teachings of evolutionary biology. I explain that it requires considering smart contracts as a technological species composed of different varieties. Doing so allows stakeholders to better anticipate the opportunities, problems, and possibilities created by smart contracts. The “law + technology” approach also calls for an analysis of the characteristics of smart contracts’ environment to influence their evolution.
- Published:
- Corporate author(s): Directorate-General for Communications Networks, Content and Technology (European Commission)
- Personal author(s): Schrepel, Thibault
- Themes: Information technology and telecommunications , Law and justice
- Subject: blockchain , contract , contract terms , cryptography , data-processing law , digital single market , European Union , legislation , technology , virtual currency
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| ISSN | ISBN 978-92-76-41173-4 | DOI 10.2759/562748 | Catalogue number KK-09-21-375-EN-N |
- Released on EU Publications:
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