kaal:claim:5554218-009

Unless the scope and permissible transactions of smart contracts are bounded by law, smart contracts risk being held unenforceable in jurisdictions that prioritize statutory compliance over technological innovation.

Source quote, verbatim

Without such boundaries, smart contracts risk being deemed unenforceable in jurisdictions that prioritize statutory compliance over technological innovation.

From

Furrer Andreas, Wulf A. Kaal, Universal Digital Law Codex (UDLC) Building the Legal Infrastructure for the Digital Era (2025), 2.1.4 Legal Adaptation and Regulatory Challenges, p. 8
https://ssrn.com/abstract=5554218 · source PDF

Cite as

Furrer Andreas, Wulf A. Kaal, Universal Digital Law Codex (UDLC) Building the Legal Infrastructure for the Digital Era (2025). SSRN: https://ssrn.com/abstract=5554218

Holds when

jurisdictions that prioritize statutory compliance and mandatory formalities

Classification

conditionsupport: arguedsmart-contractslaw-and-legal-systems

Related claims

extends kaal:claim:3071378-009 Even where a smart contract reflects the underlying bargain between the parties, lawyers may argue that smart ...
extends kaal:claim:2939127-026 Because the legal origin of smart contracting is unsettled, lawyers may argue that smart contracts are void an...

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Attestation record: colloquium/attestations/a90dd68e5b73c72c...json
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