Abstract [eng] |
Today, the development of technologies creates a certain level of impact in every sector that comes into contact with humans. With the widespread use of Information and Communication Technologies (ICT), it has become possible to process data quickly, efficiently and store it for a long time through automated systems. New computer technologies have initiated digitalization processes in many areas of life. Every field of law has begun to get its share of these innovations. Over the past few years, there have been numerous advancements in the subject of blockchain and the law, and it is likely that these changes will continue. However, the core of the subject the legal ramifications and effects of the increasing adoption of blockchain-based technologies and their applications, like crypto and smart contracts runs the risk of being somewhat lost due to the seemingly endless stream of publications and ongoing developments in the blockchain and crypto markets. It examines the key characteristics of both the blockchain and the law, examining their relationships and how new developments should be implemented while remaining true to the promise and capabilities of the technology and the role of the law as the primary instrument for social order. |