Article 2: Legal Aspects of Blockchain Technology — Does a Smart Contract Replace a Physical Contract?

Preamble

Introduction

The combination of smart contracts and physical contracts

Source: Own illustration.

The smart contract as a contract in the legal sense

Principle: Freedom of contract

Execution of a contract through smart contracts

Use cases for smart contracts

Deviations between smart contract and legal contract

How to connect a smart contract with a legal agreement

About KOSMoS

Remarks

Endnotes

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