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Parallel Session

BC-18 – Smart Contracts: Understanding the Debate of

Congress Blockchain Solutions World

Wednesday 30, 17:25h - 18:10h Room Blockchain Solutions World
17:25 18:10 Europe/Madrid BC-18 – Smart Contracts: Understanding the Debate of

Will smart contracts solve every (contractual) legal problem? Probably, not. Real life contracts are not simply "programs" that easily run down from the start to the end automatically. Many times life produces small events that alter the realization of legal transactions. This session will explore: how to apply the Roman law principles "pacta sunt servanda" and "Clausula rebus sic stantibus" concerning smart contracts,
security issues, and DAO hacks. Automated contract realization is a complex solution where software developers and lawyers will need to resolve many open issues in the future. How do we accomplish this in practice? This session will get you thinking about the important elements you need to get started.

Room Blockchain Solutions World

Will smart contracts solve every (contractual) legal problem? Probably, not. Real life contracts are not simply "programs" that easily run down from the start to the end automatically. Many times life produces small events that alter the realization of legal transactions. This session will explore: how to apply the Roman law principles "pacta sunt servanda" and "Clausula rebus sic stantibus" concerning smart contracts,
security issues, and DAO hacks. Automated contract realization is a complex solution where software developers and lawyers will need to resolve many open issues in the future. How do we accomplish this in practice? This session will get you thinking about the important elements you need to get started.

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