kaal:position:2026-07-31-6709
Legal Responsibility in Smart Contracts in Blockchain Transactions presents the following source proposition: The development of blockchain technology has given rise to smart contracts as a self-executing, decentralized, code-based contractual mechanism. This proposition is pertinent to Kaal's source-bound claim that Effective business dealing requires that counterparties have confidence a fair resolution will occur when transactions do not develop as planned, which purely self executing code cannot supply. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
systemic-risklaw-and-legal-systemssmart-contractshistorical-responsescholarly-literatureopenalex