Tag: smart contracts

Extremely difficult to apply

On the front flap of A New Approach to the Standard Form of Building Contract (which refers to the 1963 RIBA form), the publishers say: By the nature of its legal terminology and complex provisions, [the form] is extremely difficult to apply in everyday practice without constant advice The book

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Digital contracts: using technology

At the 2017 CoMIT conference, I proposed that the three barriers to moving towards digital contracts were technology, language and conduct. Unsurprisingly for an audience attending a conference on the construction opportunities for mobile IT, 75% said technology would be the first barrier to digital contracts that we successfully remove

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Readability and smart contracts

Beyond considering the role of contract visualization, Stefania Passera’s doctoral dissertation Beyond the wall of contract text (2017) she also looks at the functions of contract. Her conclusions are critical for contract creators like me who believe that the purpose of a contract is not merely to safeguard rights and

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Plan, make and use process for improving contracting
Sarah Fox

What are smart contracts?

A smart contract means a ‘computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract.’ [source] From this definition, a smart contract is just the code – it has been said that it is neither smart nor a contract! More recently, the Law Commission

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