Scholarship@WashULaw

Document Type

Essay

Publication Date

2020

Publication Title

Washington University Journal of Law and Policy

Abstract

This symposium essay explores the barriers to deploying smart contracts in the consumer finance space: the humans themselves, existing consumer protection laws, and the other businesses who have financial contracts with consumers but that cannot deploy smart contracts. These three barriers render perfectly automated enforcement all but impossible. Nevertheless, there may be room for modifiable smart contracts in the consumer financial space although these contracts may be only marginally more efficient than traditional contracts.

Keywords

Smart Contracts, Contracts, Consumer Protection, Creditors Rights

Publication Citation

Danielle D'Onfro, Smart Contracts, Contracts, Consumer Protection, Creditors Rights, 61 Washington University Journal of Law and Policy 173 (2020)

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