Smart Contracts – How Will Blockchain Technology Affect Contractual Practices?

  title={Smart Contracts – How Will Blockchain Technology Affect Contractual Practices?},
  author={Kristian Lauslahti and Juri Mattila and Timo Seppala},
  journal={Information Systems \& Economics eJournal},
Abstract Unlike conventional contracts established through speech, written words, or actions, smart contracts are algorithmic, self-executing and self-enforcing computer programs. In this article, we analyze smart contracts from the perspective of digital platforms and the Finnish contract law. We examine how well the formation mechanisms of the general principles of contract law can be applied to the new technological framework of smart contracts. In addition, the adoptability of smart… Expand
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