Template-Type: ReDIF-Paper 1.0
Author-Name: Plinio Limata
Author-X-Name-First: Plinio
Author-X-Name-Last: Limata
Author-Email: p.limata@lumsa.it
Author-Workplace-Name: LUMSA University 
Title: Blockchain and Institutions (II): The Realm of Law

Abstract: Blockchains promise to bring disruptive changes at several levels well beyond the realm of cryptocurrencies, in which they were first deployed; centralized institutions are challenged. The present survey focuses on the potential frictions between the application of blockchain technologies and the realm of law. Several subtopics are highlighted as problematic. Findings show that the current state of the art does not sufficiently support the blockchain’s implementation on a societal level. Shortcomings and confusion among legal and economic concepts are highlighted to be addressed, and therefore clarity and uniformity are needed to ensure the benefits that may derive from the application of this technology.

Length: 22 pages
Creation-Date: 2020-11
Publication-Status: 
File-URL: https://repec.lumsa.it/wp/wpC36.pdf
File-Format: Application/pdf
Number: wpC36
Classification-JEL: D23, K10, K11, P14
Keywords: Blockchain; Law; Regulation; Smart Contract; Property
Handle: RePEc:lsa:wpaper:wpC36