1. Kansainväliset sopimukset Luento 2
Case 2
Matti Rudanko

2. Lecture 2: Slides
Slide sets: 2
Kansainväliset sopimukset luento 2

3. Case: Smart Contract: Assignment – possible points of interest
fitting the general principles of contract law or rules on formation of contract and contractual liability with smart contracts
the possible legislative approaches to smart contracting
digital platforms as a resource in opening contracting interfaces to third parties, as happens e.g. in transfer of payments
Kansainväliset sopimukset luento 2

4. Possible views and approaches
existing legal and methodological background
Contract law (proactive law, relational contract, contract as a process – dynamic contract, digital signatures, formation of contract, liability rules, consumer protection, disclosure duties)
Business law, business economics and arts: contract management, strategic contracting and contract techniques, legal design and visualisation of contracts
Business law & technology: blockchain technology and its legal implications (allocation of trust based risk and liability positions), disclosure duties; Internet of Things (IoT), automated transactions and Big Data, data protection and data security, digital signatures
Procedural law: enforcement of contracts, especially online dispute resolution ODR
Constitutional law: rule of law, access to justice and legal remedies
Kansainväliset sopimukset luento 2

5. Topics and Issues What are smart contracts (SC)
Blockchain
Main characteristics
Relation of smart contracting to contract law
Formation of contract
Interpretation of contract
Contractual liability
Consumer protection
Legal Design, visualization of contracts
Data protection, Data Security, Internet of Things (IoT)
Enforcement of contract, settlement of disputes
Rule of law, access to justice (constitutional law)
Legislation on smart contracting
SC applications (digital platforms, transfer of payments etc.)
Kansainväliset sopimukset luento 2

6. Other Material and Further Reading
“Blockchain – powering the internet of value” on subpage Lisämateriaalia Riikka Koulu’s article “Blockchains and Online Dispute Resolution: Smart Contracts as an Alternative to Enforcement” on subpage Lisämateriaalia
Kansainväliset sopimukset luento 2