UK Law Commission Publishes White Paper on Smart Contract Legislative Effort

Smart contracts have often been praised for their accuracy, transparency, speed, security, trust and efficiency, yet mass-adoption is slowed down due to legal uncertainty. Now, reports indicate that the U.K. Law Commission is working on a research project that would bring legal clarity to the smart contract market. The agency published a white paper, outlining their progress so far. An initial research on the matter has already been carried out, whereas a formal effort will kick off shortly. Acc