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Smart contracts from the contract law perspective: outlining new regulative strategies
International Journal of Law and Information Technology Pub Date : 2020-08-25 , DOI: 10.1093/ijlit/eaaa015
Nataliia Filatova

Abstract
Smart contracts nowadays start being widely used in various areas of economic and social life. In most cases smart contracts are somehow related to legal contracts: the former may constitute part of a legal contract, an entire contract, or be used to automate a contract performance. Meanwhile, a question whether modern contract law is applicable to smart contracts is rather debatable, since smart contracts initially were designed to rely only on technical rules embedded in blockchain and considered as self-sufficient instruments capable of addressing various issues which may emerge in practice. However, practice has shown that technical regulation does not often cope with the problems one may face when using smart contracts, which confirms the need for legal regulation. Although smart contracts have many technical peculiarities, they do not make application of contract law provisions totally impossible. Thus, what the modern contract law needs is a set of special rules applicable to the practice of smart contracting.


中文翻译:

从合同法角度看智能合约:概述新的监管策略

摘要
如今,智能合约已开始广泛用于经济和社会生活的各个领域。在大多数情况下,智能合约在某种程度上与合法合约相关:前者可以构成合法合约的一部分,整个合约,也可以用于使合约履约自动化。同时,关于现代合同法是否适用于智能合约的问题尚待商,,因为智能合约最初被设计为仅依赖于嵌入在区块链中的技术规则,并被视为能够解决实践中可能出现的各种问题的自给自足的工具。但是,实践表明,技术法规通常无法解决使用智能合约时可能遇到的问题,这证实了法律法规的必要性。尽管智能合约具有许多技术特色,它们不会使合同法条款的适用完全不可能。因此,现代合同法所需要的是适用于智能合同实践的一组特殊规则。
更新日期:2020-08-25
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