Blockchain and Institutions (II): The Realm of Law

Plinio Limata ()
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Plinio Limata: LUMSA University

No wpC36, CERBE Working Papers from CERBE Center for Relationship Banking and Economics

Abstract: Blockchains promise to bring disruptive changes at several levels well beyond the realm of cryptocurrencies, in which they were first deployed; centralized institutions are challenged. The present survey focuses on the potential frictions between the application of blockchain technologies and the realm of law. Several subtopics are highlighted as problematic. Findings show that the current state of the art does not sufficiently support the blockchain’s implementation on a societal level. Shortcomings and confusion among legal and economic concepts are highlighted to be addressed, and therefore clarity and uniformity are needed to ensure the benefits that may derive from the application of this technology.

Keywords: Blockchain; Law; Regulation; Smart Contract; Property (search for similar items in EconPapers)
JEL-codes: D23 K10 K11 P14 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2020-11
New Economics Papers: this item is included in nep-law and nep-pay
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