Publication details

Chytré smlouvy jakožto smlouvy "chytře" protiprávní

Title in English Smart contracts in terms of "smartly" illicit contracts
Authors

BEJČEK Josef

Year of publication 2019
Type Article in Proceedings
Conference Právo Obchod Ekonomika IX.
MU Faculty or unit

Faculty of Law

Citation
Keywords blockchain; smart contracts; collusion; pricing algorithms; economic competition.
Attached files
Description So called smart contracts are, among others, currently serving to pathological illicit misuse. They may pseudonymize and anonymize legal relations and enable illegal financial and other activities – admittedly being transparent and secure within the groups of participants, but actually hidden and hardly to be disclosed from outside. They can substantially endanger both competition environment and consumer welfare. Very cautious approach of legal policy to this dangerous phenomenon is advisable that would not thwart positive strengths of this new technology.
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