The Law Commission Is Looking At Smart Contracts And Digital Assets: Is The Law Ready?
| Published date | 05 October 2020 |
| Law Firm | Reed Smith (Worldwide) |
| Author | Ms Cynthia O'Donoghue |
Smart contracts and digital assets are becoming increasingly common in a variety of industries. Nevertheless, is the law ready for them? Following the publication of the Legal statement on the status of cryptoassets and smart contracts by the LawTech Delivery Panel, the Law Commission has launched two projects to analyse how English law can be reformed to accommodate these emerging technologies.
Smart contracts
English contract law has developed on the presumption that contracts are written by individuals in ordinary language. Smart contracts, on the other hand, are drafted by a...
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