kaal:claim:2992962-018

To institute traditional remedies where a smart contract transaction disadvantages one of the parties, courts would have to change the blockchain, and that is computationally and practically impossible.

courts would have to change the blockchain in order to institute remedies in the traditional sense that could pertain to the smart contract in question. However, that scenario is computationally and practically impossible.

Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017), c) Limited Regulatory Oversight, p. 40
https://ssrn.com/abstract=2992962 · source PDF

Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017). SSRN: https://ssrn.com/abstract=2992962

• transactions already executed and added to an immutable blockchain

failuresupport: arguedfailure: immutability-blocks-remediesfamily: smart-contract-rigiditylaw-and-legal-systemssmart-contracts

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• Extension: Do Smart Contracts Need New Conflict-of-Laws Rules?