• Knock_Knock_Lemmy_In@lemmy.world
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    3 days ago

    Blockchain is immutable but legal contracts usually are not. They have break clauses, implied rights etc.

    I suspect everything can be implemented correctly, but my doubt isn’t technical, it’s legal.

    Think of a smart contracts like a vending machine. You can’t just build one and start selling real things from it. Laws need to be followed.

    • dx1@lemmy.world
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      3 hours ago

      You can program anything up to and including judicial oversight and interaction rescission into a smart contract. Not all existing laws make sense or have a positive effect on this ecosystem. Many have a negative effect, speaking from experience.