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Smart contracts - dumb idea

Smart contracts - dumb idea
Smart contracts - dumb idea
Increasingly in e-commerce, smart contracts have relied on the code as the contract. But code can be hacked and fail, leaving multiple parties potentially exposed to legal gray areas, great financial loss, and little recourse. Here, Kieron O'Hara considers the ramifications of such contracts by exploring what happened when the Ethereum platform was hacked in the summer of 2016.
Blockchain, smart contracts, e-commerce
97-101
O'hara, Kieron
0a64a4b1-efb5-45d1-a4c2-77783f18f0c4
O'hara, Kieron
0a64a4b1-efb5-45d1-a4c2-77783f18f0c4

O'hara, Kieron (2017) Smart contracts - dumb idea. IEEE Internet Computing, 21 (2), 97-101. (doi:10.1109/MIC.2017.48).

Record type: Letter

Abstract

Increasingly in e-commerce, smart contracts have relied on the code as the contract. But code can be hacked and fail, leaving multiple parties potentially exposed to legal gray areas, great financial loss, and little recourse. Here, Kieron O'Hara considers the ramifications of such contracts by exploring what happened when the Ethereum platform was hacked in the summer of 2016.

Text ohara digital citizen smart contracts - Accepted Manuscript
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Accepted/In Press date: 5 January 2017
Published date: March 2017
Keywords: Blockchain, smart contracts, e-commerce

Identifiers

Local EPrints ID: 417679
URI: https://eprints.soton.ac.uk/id/eprint/417679
PURE UUID: 5f0d53c5-783d-469e-87ac-66b93aea9806
ORCID for Kieron O'hara: ORCID iD orcid.org/0000-0002-9051-4456

Catalogue record

Date deposited: 09 Feb 2018 17:30
Last modified: 06 Jun 2018 12:50

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