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There's nothing in contract law preventing parties to agree on the automated execution of software when certain criteria are met. It's just that it doesn't tru
by Daishiman 5y ago
There's nothing in contract law preventing parties to agree on the automated execution of software when certain criteria are met.
It's just that it doesn't trump contract law and it's not generally a barrier for implementing contracts digitally.
- vmception 5y agoRight, insightful for some but I don’t think it disagrees or adds to anything I wrote? I’ll try again: I would like my taxpayer dollars going to smart contract development, auditing, and promulgating industry standards in a collaborate way. Just an additional signer for industry participants to consider or lean on the opinion of. Conditional execution on a distributed ledger with standardized conditions could easily get its own legal carveout to trump the analogous contract law, no different than someone someone agreeing to arbitration, but even as far as the local law invalidating private sector legalise when a parallel smart contracts is involved to limit possible behaviors already.