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Parallel Session

BC-18 – Smart Contracts: Understanding the Debate of `code is law’ versus ‘code is not law’

Congress Blockchain Solutions World

Wednesday 30, 17:25h - 18:10h | Room Blockchain Solutions World
30-10-2019 17:25 30-10-2019 18:10 Europe/Madrid BC-18 – Smart Contracts: Understanding the Debate of `code is law’ versus ‘code is not law’

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.

Speakers

Pedro Mier

Pedro Mier holds a degree in Telecommunications Engineer ing from the Polytechnic University of Catalonia, MBA from ESADE and PADE from IESE. He is currently President of AMETIC (Association of Electronics, Information Technology and Telecommunications Companies of Spain), Shareholder and Chairman of the Board of Directors of TRYO Aerospace & Electronics, Board Member of the Premo Group and Committee of CTTC. member of Space Angels Network and Member of the Sc ientific Advisory

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