Smart contracts and the issue of jurisdiction

Michael Laubscher ()
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Michael Laubscher: North-West University, South Africa

No 14216076, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: Smart contracts are becoming increasingly more part of our society and there is a definite rise in the acknowledgement of a smart contract as a contract. One of the aspects to consider when a contract is entered into, is the issue of jurisdiction. This can be problematic when dealing with smart contracts. There seems to be a conflict between the specific rules of law which govern jurisdiction and the emerging technology that a smart contract uses. When dealing with contract interpretation, jurisdiction is one of the first aspects that is analysed, discussed and applied. Interpretation of so-called traditional contracts have well-established rules and principles with regard to jurisdiction, but there seems to be a number of grey areas when it comes to this same aspect when dealing with smart contracts.

Keywords: jurisdiction; smart contracts; rules; location; domicile (search for similar items in EconPapers)
JEL-codes: K12 K30 K39 (search for similar items in EconPapers)
Pages: 1 page
New Economics Papers: this item is included in nep-pay
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Published in Proceedings of the Proceedings of the 62th International Academic Conference, Vienna, Nov -0001, pages 88-88

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