Blockchain and Smart Contract for Contract Management (Dispute Prevention and Generation)
Koji Takahashi · SSRN Electronic Journal · 2018
After comparing and contrasting with computer codes running in a central server, this paper notes that smart contracts are not in the legal sense and considers their implications for contract management and dispute prevention. It alerts that the features of are prone to generate disputes which often involve novel legal issues. The paper concludes with a brief comment on the potential use of in dispute resolution.