kaal:claim:2992962-021

Because courts cannot effectuate resolutions to disputes arising from blockchain based smart contracts, blockchain based resolution mechanisms are the only possible recourse for smart contract disputes.

Source quote, verbatim

Therefore, blockchain-based resolution mechanisms are the only possible recourse for smart contract disputes.

From

Wulf A. Kaal, Craig Calcaterra, Crypto Transaction Dispute Resolution (2017), c) Limited Regulatory Oversight, p. 41
https://ssrn.com/abstract=2992962 · source PDF

Cite as

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

Holds when

fully decentralized and autonomous blockchains

Classification

normativesupport: arguedsystemic-risklaw-and-legal-systemssmart-contracts

Related claims

extended_by kaal:claim:4855607-036 Web3 systems provide inexpensive community based smart contract dispute resolution, and these mechanisms minim...
contested_by kaal:claim:5554218-004 National courts and national law cannot be excluded from smart contract disputes, because almost all legal sys...

Verify

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Attestation record: colloquium/attestations/cee3ae520bdd1f95...json
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Positions extending this scholarly claim

Extension: Towards Governance and Dispute Resolution for DLT and Smart Contracts