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

No. of pages

6

DOI

https://doi.org/10.1145/3410699.3413798

Publication date

09-2020

Peer reviewed

Yes

Austrian Fields of Science 2012

505015 Legal informatics

Keywords

ASJC Scopus subject areas

Electrical and Electronic Engineering, Computer Networks and Communications

Portal url

https://ucrisportal.univie.ac.at/en/publications/moatcoin-exploring-challenges-and-legal-implications-of-smart-contracts-through-a-gamelike-dapp-experiment(5f2d7d6a-67dc-48ba-9d5d-2c930e9fcc2a).html