kaal:claim:2939127-025

Contrary to the widespread belief among legal professionals that code can only handle very simple transactions, blockchain enabled smart contracts generally do not require legal involvement across the spectrum of transactions.

Source quote, verbatim

While blockchain-enabled smart contracts generally do not require legal involvement across the spectrum of transactions, legal professionals often still believe that "code" in smart contracts can only deal with very simple transactions

From

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017), III.4. Limitations, p. 29
https://ssrn.com/abstract=2939127 · source PDF

Cite as

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017). SSRN: https://ssrn.com/abstract=2939127

Holds when

transactions capable of being coded
contested against the prevailing view in the legal community

Classification

mechanismsupport: arguedsmart-contractslaw-and-legal-systemseducation-and-practiceblockchain

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