Research for Reforms on Blockchain Smart Contract Laws Begins in UK
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Research for Reforms on Blockchain Smart Contract Laws Begins in UK
The UK Law Commission, an independent body set up by British Parliament, announced on Thursday that it is investigating reforms into blockchain-based smart contracts, with the aim to bring legal clarity.
According to the statement, the independent agency conducted some initial research into the laws surrounding smart contracts and found that a more thorough project was needed. Its aim is to ensure that the law is flexible enough to apply in a global digital context and to identify any areas that need to be improved.
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A smart contract is a computer protocol intended ... (read more)
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