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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

European Commission

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