Smart contracts in consumer law: Does New Zealand need to wise up?

About this item

Title

Smart contracts in consumer law: Does New Zealand need to wise up?

Content partner

Victoria University of Wellington

Collection

ResearchArchive–Te Puna Rangahau

Description

Blockchain-based smart contracts represent a shift towards an automated world. While their immutable and self-executing nature present numerous economic benefits, these characteristics give rise to issues. One of these issues is that the burden of issuing proceedings changes from a party looking to enforce the agreement to a party who wishes to relieve themselves of an automatic enforcement mechanism. The ‘practical burden’, as the paper terms it, could potentially be most problematic in a co...

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Format

Research paper

Research format

Scholarly text

Date created

2018

Creator

Ingle, Laurence

URL

https://ir.wgtn.ac.nz/handle/123456789/21003

Related subjects

Blockchain / Smart contract / Consumer law / Consumer lending.

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