The hierarchical sequence, unfolding dimensions, and risk prevention of contract automation
Tang Zihan
(Law School,Zhongnan University of Economics and Law, Wuhan 430073,China)
Abstract：Starting from the hierarchical sequence of contract automation, this paper explores the differential development of contract automation through analogy with autonomous driving, and points out that in order to convert smart legal contracts into smart contracts, three basic rules must be met: grammar requirements, platform access, and non empowerment principles. Systematically expand the operation process of smart legal contracts based on the contract lifecycle, and then demonstrate the issues focused on in different stages of smart legal contracts. By analyzing the inherent contradiction between the automatic execution of smart contracts and the rights enjoyed by parties in legal contracts, the risk origin of smart contracts is derived, and discussed and evaluated. Finally, by breaking away from the single risk relief approach of code governance and constructing a smart contract risk closed-loop mechanism that covers the entire process before, during, and after the event, a new feasible solution is provided for exploring the sustainable development of smart contracts.
