Research for Reforms on Blockchain Smart Contract Laws Begins in UK

[kreslik.news]

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)