Smart contracts – dumb idea

IEEE Internet Computing, 21(2), 97-101

2017

Themes: Blockchain/cryptocurrency

Category: Journal article, Open access, The Digital Citizen

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.

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