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Clifford Chance

Clifford Chance

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Smart Contracts (Code vs. Contract): an overview of blockchain technology and legal implications of smart contracts from a Turkish law perspective

1 December 2017

Not a day goes by without news on Bitcoin and cryptocurrencies. However, few articles highlight the importance of the underlying technology – blockchain – and its potential. In fact, cryptocurrencies are mere implementations of blockchain technology, and various other examples of this new technology will be seen in the future. Blockchain is now viewed as an infrastructure for self-executing and performing autonomous smart contracts.

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Smart Contracts (Code vs. Contract): an overview of blockchain technology and legal implications of smart contracts from a Turkish law perspective

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