27 Aug '16, 3pm
Code is Law? Not Quite Yet
Lukas Abegg is a lawyer with master's degrees in Swiss and US law. He is currently a visiting researcher at the Humboldt University in Berlin, where he is writing a PhD thesis on a topic at the intersection of law and technology. In this opinion piece, Abegg discusses smart contract development within the context of mathematics, arguing that establishing benchmarks like "code is law" may place significant stresses on the smart contract concept. After The DAO experiment failed, a heated policy debate ensued about how to go forward with the development of ethereum's blockchain. The positions ranged from holding on to the immutability paradigm with "code is law" as the most important rule to follow, to a more human approach of asking ethereum’s miners and developers what measures should be taken. Only little time, however, was spent on the question what a smart contract is ac...