The present chapter aims to investigate whether and how blockchain technology platforms and smart contracts could be considered a modern form of private authority, which at least partially escapes the application of mandatory rules and traditional enforcement mechanisms.Blockchain technology presents itself as democratic in nature, as it is based on an idea of radical decentralization.
Smart contracts and automation of private relationships
Sirena, Pietro;Patti, Francesco Paolo
2022
Abstract
The present chapter aims to investigate whether and how blockchain technology platforms and smart contracts could be considered a modern form of private authority, which at least partially escapes the application of mandatory rules and traditional enforcement mechanisms.Blockchain technology presents itself as democratic in nature, as it is based on an idea of radical decentralization.
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