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Existing e-commerce regulations constitute a premature and unnecessary interference in the natural evolution of commercial practices and technologies. I question not just their quality, mainly attributable to the technological ignorance of the regulator, but their very necessity. I observe the...
Persistent link: https://www.econbiz.de/10014150372
Many expect Smart Contracts (SC’s) to disrupt the way contracts are done implying that SC have the potential to affect all commercial relationships. SC’s are automatization tools; therefore, proponents claim that SC’s can reduce transaction costs through disintermediation and risk...
Persistent link: https://www.econbiz.de/10014108762
Every day, millions of decisions are made based on information provided by computers and millions of transactions are concluded automatically, by means or with the assistance of computer programs. Computers can accept payment and dispense products. Computers can also calculate the optimal price...
Persistent link: https://www.econbiz.de/10014360246
When bitcoin was released by the mysterious Satoshi Nakamoto in 2008, few could have predicted that it would attract as much attention as it has today. It has spawned a veritable host of other cryptocurrencies, including ether on the upstart Ethereum network, which boasts smart contract...
Persistent link: https://www.econbiz.de/10014352335
This chapter retains a safe working distance from the usual hype surrounding AI as well as from theories that seek to replicate human intelligence or intention. Taking into account the current state of the art, it explores whether a difference in the degree to which AI can augment or optimize...
Persistent link: https://www.econbiz.de/10014088190