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Smart contracts and the digital single market through the lens of a “law plus technology” approach

The European Commission has just released a study on the smart contracts and the digital single market through the lens of a “law + technology” approach

cover of the report with title "Smart contracts and the digital single market through the lens of a “law plus technology” approach" on a European flag background

The deployment of smart contracts within the European zone could fluidify economic transactions. It also risks fragmenting the Digital Single Market (“DSM”). This conundrum calls for a constructive response to preserve both the benefits brought by smart contracts and a strong DSM.

Against this background, this report adopts a “law + technology” approach. It suggests combining law and technology to develop solutions that encourage the evolution of smart contracts (rather than hindering it) in a direction that preserves and reinforces the DSM. 

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Smart contracts and the digital single market through the lens of a “law + technology” approach
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Author

Thibault Schrepel