Hybrid event: University of Basel, Faculty of Business and Economics, WWZ Auditorium, Peter Merian-Weg 6, 4002 Basel, and Zoom-Livestream
Economy & Law
Smart Contracts as Legal Innovation: Old Wine in New Bottles?
Public anniversary event of the Summer School in Law, Business and Economic Policy
Innovations such as cryptoassets, decentralized finance, non-fungible tokens, decentralized autonomous organizat ions or the metaverse have in common a degree of reliance on “smart contracts” – agreements embodied in computer code that are self-executing in important respects.
The talk will consider smart contracts as examples of the role of legal innovation in economic history, and will illustrate how these arrangements address problems long handled through other means: how to embed an agreement in such a way as to protect against ex post alteration; how to provide for reliable and consistent enforcement; how to deal with the problem of abusive, incompetent, or self-interested government; how to achieve clarity of interpretation and reduce the risk of disputes over meaning; and how to provide for fair, rapid and efficient resolution of disputes.
Program
Welcome and Introduction: Prof. Rolf Weder
Speaker: Prof. Geoffrey P. Miller
Panel Discussion: Prof. Aleksander Berentsen, Prof. Fabian Schär, Prof. Geoffrey P. Miller, including Audience
Apéro
Prof. Dr. Geoffrey Miller is a leading scholar in the area of Law and Economics and its application to banking, finance and insurance at the School of Law of New York University (NYU) and author of a dozen books and more than 200 research papers. He teaches the Bachelor course “Fundamentals of Law and Economics” from July 11 to July 21 as part of the Summer School program 2022.
Prof. Dr. Aleksander Berentsen and Prof. Dr. Fabian Schär are experts in the area of Blockchain, Cryptoassets, Decentralized Finance and Monetary Policy at the Faculty of Business and Economics of the University of Basel and authors of the very successful book on Bitcoin, Blockchain, and Cryptoassets published by MIT Press in 2020.
Registration
Registration is mandatory, and the registration window is open until July 6, 2022. Please use the registration form to register either for onsite participation at the WWZ auditorium or for online participation via Zoom.
We are looking forward to a numerous participation and an exciting event.
Organizer:
University of Basel, Faculty of Business and Economics
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