Is a ‘smart contract’ really a smart idea? Insights from a legal perspective
01 Dec 2017-Computer Law & Security Review (Elsevier Advanced Technology)-Vol. 33, Iss: 6, pp 825-835
TL;DR: The potential issues with legal and practical enforceability that arise from the use of smart contracts within both civil and common law jurisdictions are considered.
About: This article is published in Computer Law & Security Review.The article was published on 2017-12-01. It has received 172 citations till now. The article focuses on the topics: Smart contract & Database transaction.
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TL;DR: Insight is provided into some of the main dimensions of blockchain technology, an overview of the use cases and issues, and some general research areas for further investigation.
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TL;DR: Challenges in implementing of Blockchian and its associated security and privacy issues have been discussed and a comprehensive analysis on wide applications of Blockchain technology for the academic research community is provided.
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226 citations
TL;DR: In this paper, a structured literature review and a theory-driven approach are used to understand the enabling and constraining roles of blockchain technology (BCT) in managerial work practices and conceptualise the technology-performance relationship in supply chain management (SCM).
Abstract: The purpose of this paper is to understand the enabling and constraining roles of blockchain technology (BCT) in managerial work practices and conceptualise the technology–performance relationship in supply chain management (SCM).,A structured literature review and a theory-driven approach are used. A set of propositions are developed, suggesting how the use of BCT in supply chains can be understood to simultaneously enable and constrain SCM and performance.,The analysis identifies four enabling and three constraining blockchain identities to explain how the technology either “facilitates” or “impedes” SCM and supply chain performance. Traceability, which emanates from its ability to provide data immutability, ranks highly as a core innovation of the technology. The blockchain is mainly seen as an opportunity to exploit existing supply chain resources and competencies.,One limitation of the research is its conceptual nature. Future research should test the developed propositions empirically. Further research should focus on BCT as an opportunity to explore and as a relationship-building technology. More research is also needed focussing on the complex and simultaneous enabling and constraining effects of BCT in supply chains.,The paper shows the important and complex Janus-faced implications of embedding BCT in supply chains and demonstrates how organisational theory can be applied to explore the relationship between blockchain and SCM.
158 citations
Cites background from "Is a ‘smart contract’ really a smar..."
...Computer power and the time and memory required to confirm transactions in a blockchain is increasing (Manski, 2017), and current computer infrastructures may not be able to keep pace with the growth of blockchain (Giancaspro, 2017)....
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...The opportunity to improve supply chain efficiency can be further supported by automation in the enforcement of the contract (Giancaspro, 2017; Tapscott and Tapscott, 2017)....
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...Moreover, smart contracts may be difficult to adapt to current legal frameworks regulating contracts across jurisdictions (Giancaspro, 2017)....
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