How to Improve Smart Contracts in the European Union Data Act
Federico Casolari, Mariarosaria Taddeo, Aina Turillazzi, Luciano Floridi · Digital Society · 2023
Abstract The article analyses the role of smart contracts in the architecture of the European Union’s Data Act proposal. It identifies five difficulties: lack of flexibility in terms of both content and operation; dependence on oracles which could lead to errors; vulnerability to bugs and changes in architecture; immutability and privacy; and problems of enforcement. It then offers some recommendations about how to address them to improve the Data Act.