“The Law Commission has today launched a call for evidence to help ensure that the technology of smart contracts can thrive in England and Wales. A smart contract is a legally binding contract in which some or all of the contractual obligations are recorded in or performed automatically by a computer program deployed on a distributed ledger. The growing use of smart contract technology is expected to increase efficiency and certainty in business, and reduce the need for contracting parties to have to trust each other; instead the trust resides in the code …” (more)
[Law Commission, 17 December]
First posted 2020-12-17 15:18:38
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