Expanding the Platform: Smart Contracts as Boundary Resources
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A3 Kirjan tai muun kokoomateoksen osa
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en
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Translational Systems Sciences ; Volume 11
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Platform businesses are born global, with instant access to global markets. Thanks to the algorithmic, self-executing and self-enforcing computer programs known as smart contracts, platform businesses now also have instant access to global capital markets from birth. However, the legal status of these smart-contract-enabled funding mechanisms and smart contracts in general is not well defined. In this article, we analyze how well the formation mechanisms of the general principles of Finnish contract law can be applied to the technological framework of smart contracts. We find that depending on the case, smart contracts can create legally binding rights and obligations to their parties. We also observe that contracts have not been formerly perceived as technical boundary resources in the sense that platform ecosystems could foster broader network effects by opening their application contracting interfaces to third partiesDescription
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Lauslahti, K, Mattila, J, Hukkinen, J & Seppälä, T 2018, Expanding the Platform: Smart Contracts as Boundary Resources. in A Smedlund, A Lindblom & L Mitronen (eds), Collaborative Value Co-creation in the Platform Economy. Translational Systems Sciences, vol. 11, Springer. https://doi.org/10.1007/978-981-10-8956-5_4