“Code Is Law” And Smart Contracts. Embedding Ethics In Decentralized Ledger Systems. Costantini, F. F. In Schweighofer, E., Kummer, F., Saarenpää, A., Eder, S., & Hanke, P., editors, Cybergovernance : Tagungsband des 24. Internationalen Rechtsinformatik Symposions = Cybergovernance: proceedings of the 24th International Legal Informatics Symposium (IRIS 2021), pages 85–91. Weblaw, Bern (CH), 2021.
abstract   bibtex   
“Smart Contracts” are tools based on distributed ledger technologies deployed in order to increase the efficiency of transactions. Their adoption is growing at an exponential scale due to the undisputable advantages brought by their property of self-executing tasks, yet on the opposite it raises concerns since it does not require any sort of moral scrutiny. In our paper we first address how the current ethical discussion can be framed in Decentralized Ledger Technologies, then we unfold the evolution in legal theory of a decentralized approach – epit- omized by the motto “code is law” – finally we focus on “smart contracts” discussing the application of “engineering ethics” or the implementation of “ethical oracles”. At the end we conclude with a few remarks and some perspectives for future research.
@incollection{costantini_code_2021-1,
	address = {Bern (CH)},
	title = {“{Code} {Is} {Law}” {And} {Smart} {Contracts}. {Embedding} {Ethics} {In} {Decentralized} {Ledger} {Systems}},
	copyright = {All rights reserved},
	isbn = {978-3-96966-452-0},
	abstract = {“Smart Contracts” are tools based on distributed ledger technologies deployed in order to increase the efficiency of transactions. Their adoption is growing at an exponential scale due to the undisputable advantages brought by their property of self-executing tasks, yet on the opposite it raises concerns since it does not require any sort of moral scrutiny. In our paper we first address how the current ethical discussion can be framed in Decentralized Ledger Technologies, then we unfold the evolution in legal theory of a decentralized approach – epit- omized by the motto “code is law” – finally we focus on “smart contracts” discussing the application of “engineering ethics” or the implementation of “ethical oracles”. At the end we conclude with a few remarks and some perspectives for future research.},
	number = {30},
	booktitle = {Cybergovernance : {Tagungsband} des 24. {Internationalen} {Rechtsinformatik} {Symposions} = {Cybergovernance}: proceedings of the 24th {International} {Legal} {Informatics} {Symposium} ({IRIS} 2021)},
	publisher = {Weblaw},
	author = {Costantini, Federico Ferencz},
	editor = {Schweighofer, Erich and Kummer, Franz and Saarenpää, Ahti and Eder, Stefan and Hanke, Philip},
	year = {2021},
	pages = {85--91},
}

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