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Application of the Blockchain Technology in Smart Contracts: Legal Analysis

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Wireless Internet (WiCON 2019)

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Abstract

Smart contracts have recently been considered one of the two columns of blockchain applications. The first column is the cryptocurrency funded by the decentralized system, and the second column is the smart contracts, which are an automatic self-execution contractual program. This article provides a legal analysis of smart contracts and concludes that the application of the blockchain technology in smart contracts should be considered a guarantee to the contractual performance. Furthermore, the regulations that apply to smart contracts should focus on the codes inserted in, rather than the performance.

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Authors and Affiliations

  1. Department of Financial and Economic Law, Overseas Chinese University, 100, Chiao Kwang Rd., Taichung, 40721, Taiwan

    Chunhsien Sung

Authors
  1. Chunhsien Sung
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Correspondence to Chunhsien Sung .

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Editors and Affiliations

  1. National Changhua University of Education, Changhua City, Taiwan

    Der-Jiunn Deng

  2. National Taiwan Normal University, Taipei, Taiwan

    Ai-Chun Pang

  3. Department of Industrial Engineering and Management, National Chiao Tung University, Hsinchu, Taiwan

    Chun-Cheng Lin

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© 2020 ICST Institute for Computer Sciences, Social Informatics and Telecommunications Engineering

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Sung, C. (2020). Application of the Blockchain Technology in Smart Contracts: Legal Analysis. In: Deng, DJ., Pang, AC., Lin, CC. (eds) Wireless Internet. WiCON 2019. Lecture Notes of the Institute for Computer Sciences, Social Informatics and Telecommunications Engineering, vol 317. Springer, Cham. https://doi.org/10.1007/978-3-030-52988-8_12

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  • DOI: https://doi.org/10.1007/978-3-030-52988-8_12

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-52987-1

  • Online ISBN: 978-3-030-52988-8

  • eBook Packages: Computer ScienceComputer Science (R0)

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