European Union’s Data Act effectively outlaws true smart contracts | Opinion

2024-4-20 15:31

As it currently stands, the EU’s Data Act threatens defi, which relies on public blockchains and smart contracts.

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Polygon, Ledger urge EU to amend smart contract rules forcing inadvertent centralization

Polygon Labs and Ledger are urging EU lawmakers to amend certain clauses in the Data Act related to rules for smart contracts. The companies wrote in a joint open letter that the current version of Article 30 of the Data Act will “inhibit innovation and economic growth” in the European crypto industry as it does […] The post Polygon, Ledger urge EU to amend smart contract rules forcing inadvertent centralization appeared first on CryptoSlate.

2023-4-18 02:09


Illinois ‘Blockchain Technology Act’ Is Now In Effect, Smart Contracts Will Be Legally Binding

The State of Illinois is on the forefront of implementing blockchain regulation as the “Blockchain Technology Act” sponsored by Rep. Keith Wheeler (R), took effect on Jan 1, 2020. The new laws will govern the development of blockchain technologies, purchase and transfer of digital currencies and governing smart contracts. The new laws opens up the […]

2020-1-10 16:30


Фото:

The quiet threat inside ‘internet of things’ devices

As Americans increasingly buy and install smart devices in their homes, all those cheap interconnected devices create new security problems for individuals and society as a whole. The problem is compounded by businesses radically expanding the number of sensors and remote monitors it uses to manage overhead lights in corporate offices and detailed manufacturing processes in factories.

2019-1-22 02:58


Фото:

When Smart Contracts Act Stupid: Is Your ICO Smart Contract Safe & Secure?

The potential inherent in smart contracts is immense. The nascent technology may be used for identity verification, secure data sharing, and for the management of tokens and raised funds in an initial coin offering/token sale – but just how clever are your smart contracts? The Ethereum network boasts more than 1500 decentralized applications (dApps), all of which make use of smart contracts to accomplish a wide variety of tasks.

2018-7-24 03:00