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16 - Usefulness and Dangers of Smart Contracts in Consumer Transactions

from Part V - Smart Contracts

Published online by Cambridge University Press:  25 October 2019

By
Oscar Borgogno
Edited by
Larry A. DiMatteo ,
Michel Cannarsa  and
Cristina Poncibò
Larry A. DiMatteo
Affiliation:
University of Florida
Michel Cannarsa
Affiliation:
Université Catholique de Lyon
Cristina Poncibò
Affiliation:
Università degli Studi di Torino, Italy
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Summary

It provides an early overview of the cases where the use of smart contracts may prove significantly beneficial in B2C transactions. It focuses on the capacity of smart contracts to mitigate some of the well-known problems affecting B2C and B2B relationships. The adoption of regulatory sandboxes in the rail and air sectors will be described as a first testing ground to assess the potential of smart contracts.

Keywords

Smart contracts and consumersconsumer rightspassenger rightsdecentralizationlegal practice and smart contracts
Type
Chapter
Information
The Cambridge Handbook of Smart Contracts, Blockchain Technology and Digital Platforms , pp. 288 - 310
Publisher: Cambridge University Press
Print publication year: 2019

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