Blockchain and Smart Contracts: Legal Implications and Challenges
Blockchain and Smart Contracts: Legal Implications and Challenges What is the relation between Blockchain and Smart Contracts? The emergence of blockchain technology and smart contracts represents a paradigm shift in the domains of finance, governance, and law. Originally conceptualized as the foundation for cryptocurrencies, blockchain has evolved into a broader infrastructure capable of transforming contractual relations and institutional trust. Smart contracts—self-executing code that runs on a blockchain—promise to automate agreements and reduce dependency on intermediaries. Read more…