‘Micro-Justice and New Law? “Swarm Arbitration” as a Means of Dispute Resolution in Blockchain-Based Smart Contracts’

If Alice wishes to buy real estate from Bert free of defects, she will – under the old law – enter into a contract with Bert contemplating their transaction. Their contract will be governed by the applicable substantive law (statutory law, court decisions), setting the legal framework for both the validity of the contract and for filling gaps. Within that framework, the contract itself will establish certain legal (contractual) rules to apply between the parties … (more)

[Andreas Hacke, Oxford Business Law Blog, 29 March]

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