Implications of Blockchain-Based Smart Contracts on Contract Law

Chantal Bomprezzi

doi:10.5771/9783748930068

Summary

This book provides an in-depth analysis of the main debates surrounding blockchain-based smart contracts and contract law. After having provided a detailed description of the technology, it considers existing rules concerning technology and contracts, from vending machines to computable contracts, and verifies its applicability to blockchain-based smart contracts. Namely, it focuses on the implications of blockchain-based smart contracts on contract formation, contract performance, and applicable law and jurisdiction.

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Bibliographic data

Copyright year: 2021
Publication date: 19.11.2021
ISBN-Print: 978-3-8487-8592-6
ISBN-Online: 978-3-7489-3006-8
Publisher: Nomos, Baden-Baden
Series: Luxemburger Juristische Studien - Luxembourg Legal Studies
Volume: 23
Language: English
Pages: 266
Product type: Book Titles

Titelei/Inhaltsverzeichnis No access Pages 1 - 10
1. I. Background No access
2. II. Research problem No access
3. III. Research objective and question No access
4. IV. Methodology No access
5. V. Structure of the book. No access
1. 1. Definition and functioning of blockchain. No access
2. 2. Properties of blockchain. No access
3. 3. Origins. No access
4. 4. Evolution. No access
5. 5. Typologies. No access
6. 6. False myths surrounding blockchains. No access
7. 7. Smart contracts. No access
8. 8. Limitations of pre-existing blockchain platforms versus smart contracting platforms. No access
9. 9. Ethereum. No access
10. 10. Use cases. No access
1. 1. Smart contract: a misleading expression. No access
2. 2. ‘Smart contract code’ versus ‘smart legal contracts’. No access
3. 3. Nick Szabo’s theories. No access
4. 4. Characteristics of smart legal contracts. No access
5. 5. Summary of existing legal literature. No access
6. 6. Applicable form of regulation. No access
7. 7. Types of contract. No access
8. 8. Concrete scenarios. No access
1. 1. The historical impact of technology on contracts. No access
2. 1. 1. 2.1.1. Conclusion of contracts through software agents. No access
    2. 2.1.2. Digital identity in electronic commerce. No access
    3. 2.1.3. Defects of consent: the mistake. No access
    4. 2.1.4. Form requirements. No access
  2. 2.2. Contract performance: contractual and non-contractual liability. No access
  3. 2.3. Jurisdiction and applicable law. No access
1. 1. Are smart contracts ‘contracts’? No access
2. 1. 2.1. Time of conclusion of the contract. No access
  2. 2.2. Revocation of offer and acceptance. No access
3. 1. 3.1. Contractual intention. No access
  2. 3.2. The mistake. No access
4. 1. 4.1. Acknowledgement of receipt. No access
5. 5. Form. No access
6. 6. Smart contracts concluded ‘smart’. No access
7. 7. Smart contract code as a mean to express contracts or to perform already existing contracts? No access
8. 8. Findings and conclusions. No access
1. PART 1: BREACH OF CONTRACT No access
2. 1. Introduction. No access
3. 2. Potential cases of violation of the contract. No access
4. 3. Clarifications on the meaning of ‘decentralisation’. No access
5. 4. Clarifications on the meaning of ‘validation’ and ‘execution’. No access
6. 5. Analysis of the scenarios. No access
7. 6. Application of existing rules on breach of contract. No access
8. 7. Third-party service providers. No access
9. 8. Identification of the liable party. No access
10. 9. Findings and conclusions. No access
1. 1. Introduction. No access
2. 2. Immutability of blockchain. No access
3. 1. 3.1. Termination. No access
  2. 3.2. Rescission. No access
  3. 3.3. Withdrawal. No access
  4. 3.4. Renegotiation. No access
4. 4. The proposed technical solutions. No access
5. 1. 5.1. The false myth of decentralisation. No access
  2. 5.2. Identification of the obliged party. No access
6. 1. 6.1. Termination. No access
  2. 6.2. Rescission. No access
  3. 6.3. Withdrawal. No access
  4. 6.4. Renegotiation. No access
  5. 6.5. Limitations to contractual autonomy. No access
7. 7. Findings and conclusions. No access
1. 1. Introduction. No access
2. 2. Blockchain and the Internet. No access
3. 1. 3.1. Location of contract performance. No access
  2. 3.2. Place of residence, domicile, business, and administration. No access
4. 1. 4.1. Blockchain and ODR. No access
5. 5. Findings and conclusions. No access
1. 1. Summary of preceding conclusions. No access
2. 2. False myths surrounding blockchain and smart contracts. No access
3. 3. Applicability of existing rules. No access
4. 4. Open issues. No access
5. 5. Research question answers. No access
BIBLIOGRAPHY No access Pages 241 - 266