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MOATcoin: Exploring Challenges and Legal Implications of Smart Contracts Through a Gamelike DApp Experiment

Author(s)
Biagio Distefano, Nadia Pocher, Mirko Zichichi
Abstract

In this paper we present MOATcoin, a gamelike experiment that enabled us to practically investigate the open issues related to the governance and legal facets of smart contract based decentralized applications. After presenting the MOATcoin system architecture, we first tackle the problems of decentralized governance, its limits and the shift of trust that it entails; then, we explore the possible legal implications of the given scenario and, particularly, the consequences of code-written contracts. Finally, we offer taxonomical remarks on the concepts of "token" and "coin" and offer an insight from a regulatory perspective.

Organisation(s)
Department of Innovation and Digitalisation in Law
External organisation(s)
Universitat Autònoma de Barcelona , Universidad Politécnica de Madrid
Pages
53-58
DOI
https://doi.org/10.1145/3410699.3413798
Publication date
09-2020
Peer reviewed
Yes
Austrian Fields of Science 2012
505015 Legal informatics
Portal url
https://ucris.univie.ac.at/portal/en/publications/moatcoin-exploring-challenges-and-legal-implications-of-smart-contracts-through-a-gamelike-dapp-experiment(5f2d7d6a-67dc-48ba-9d5d-2c930e9fcc2a).html