illusory. A role will continue to exist for the real-world contract governance institutions as a complement to blockchain … frameworks offered under contract law and the courts, which have developed ways to specifically address issues of contractual … incompleteness. Thus despite objectives for blockchain-governed institutional (or even constitutional) frameworks to operate as fully …

flexibility of designing multilateral contracts, and discuss three contract types: the equal-refund contract, the externality … contract, and the risk-free contract. Each contract type brings different benefits to the contractual parties and can be chosen … based on their security management preferences. At last, we show how to extend these contract types when the number of firms …