Remedies to the Irreversibility of Smart Contracts in Colombian Private Law-Reference-Cited by-同舟云学术

Remedies to the Irreversibility of Smart Contracts in Colombian Private Law

Published:2022-12-01 Issue:2 Volume:12 Page:113-145
ISSN:2674-4619
Container-title:TalTech Journal of European Studies
language:en
Short-container-title:

Author:

Correa José David Arenas¹

Affiliation:

1. University of Medellín , Faculty of Law Carrera 80 30-65 Medellín 050026 , Colombia

Abstract

Abstract The application of blockchain technology to contractual activity has led to a decrease in transaction costs, but also an enormous potential cost of judicial solutions that order reversal of the effects of smart contracts. This research addresses solutions, both from the perspective of updating the unforeseen theory and from clauses that are introduced to the legal smart contracts to allow reducing the costs associated with judicial decisions that declare an anomaly in the contracts.

Publisher

Walter de Gruyter GmbH

Subject

Political Science and International Relations,Sociology and Political Science,History

Link

https://www.sciendo.com/pdf/10.2478/bjes-2022-0014

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