Oxford University: Blockchain sector on ‘silent collision’ course with the law



blockchaincourt 796x448 - Oxford University: Blockchain sector on ‘silent collision’ course with the law
The University of Oxford has shared analysis of the relationship between blockchain developers and the rule of law. It claims the blockchain industry is on a “silent collision course” with lawmakers, and a major overhaul is sorely needed. Anastasios A. Antoniou, member of the EU Blockchain Observatory and Forum, argues that blockchain evangelists open ‘Pandora’s box’ by suggesting complicated smart contract systems create “order without law.” “The primary source of friction between blockchain and law can be traced to the implied proposition that code-driven frameworks running on blockchains can and should operate outside our jurisdictional legal orders,” writes Antoniou. “This…

This story continues at The Next Web