چکیده:
Blockchain transforms many aspects of governance. By employing this technology transparency, fraud detection, contract enforcement will be secured and the role of intermediary agents will diminish. If this is a real effect of above-mentioned technology, which roles can be assigned to law and legal science which has been evolved to perform similar role in organizing society. It seems to me that legal science will transform fundamentally. It is not that societies do not need laws any more, but some branches of legal science such as property right law, contract law, commercial law and so forth will change profoundly and computer based codes will replace them. Then, code governance must be taken seriously because it has deep effects of legal science. In comparison, other branches of legal science will evolve to accommodate to new technologies and new emergent conflicts of interest.
خلاصه ماشینی:
Considering the capability of this technology in securing property rights, low-cost contract enforcement, creating transparency, and preventing fraud, this article argues that legal science will be profoundly transformed in various fields such as the definition and guarantee of property rights, contract law, legal rules governing the fight against corruption and the creation of transparency, commercial law, especially in the field of corporate law and payment instruments, and computer codes will take over the governance.
The answer to this question in this article is generally positive: Blockchain technology 2 is an institutional technology that can perform the functions of the legal system for the optimal functioning of the economic system in the form of algorithms and codes, and facilitate “governance based on code” in a sense.
Blockchain technology, as an institutional technology, enables a form of governance and coordination that can be relied upon to reduce the dimensions of the aforementioned issues (such as violation of property rights on the internet, lack of trust, lack of transparency, and the possibility of data manipulation and intermediary governance).
1 In various countries, including Sweden, Brazil, Georgia, Ukraine, and India, the cadastral plan based on blockchain technology has been implemented in a decentralized, transparent, and immutable network )Oprunenc & Akmeemana, 2018(, so that work can begin with the first piece of land whose ownership is proven and undisputed, and at least prevent multiple sales of preliminary contracts to several people.
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