Blockchain Technology and Smart Contracts: Further Advancement of Principles


The Project Team and Assessors met remotely to continue their discussions on the formulations of draft principles pertaining to the blockchain technology and smart contracts

The Team focused on the private law aspects and discussed several draft principles. Participants emphasised the need to differentiate various types of uses of blockchain technology, as they have different consequences, for instance with regard to consumer protection. The Team also analysed the recent initiatives of the European Commission in the field. The Team will meet again in December.