Legal Engineering on the Blockchain – Smart contracts as legal conduct

Legal Engineering on the Blockchain – Smart contracts as legal conduct

This guest post is concerned with the question of the relationship between smart contracts and law and tries to develop a framework that emphasizes the legal character of smart contracts, without promoting the popular catch phrase ‘code is law’. Concepts of ‘legality’, ‘lawfulness’ and ‘jurisdiction’ are more complex than can be encapsulated by architectures or technologies that regulate or condition behaviour.