IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/82867.html
   My bibliography  Save this paper

Legal Systems and Blockchain Interactions

Author

Listed:
  • Hegadekatti, Kartik

Abstract

A large amount of money is spent globally in the litigation process. A significant chunk of litigations can actually be prevented from even arising if the policies, contracts and laws can be fully objectivised. Presently, the interpretation of law, contracts, policies etc. lead to a lot of confusion and ambiguities. This complicates the justice process. This paper deals with simplifying the legal procedures by using Blockchain Technology. Firstly I introduce the concept of Blockchains and Cryptocurrencies. Then we discuss the present legal services. The ways in which Blockchain technology can be applied to legal processes is identified. Civil and Common law systems are the most widespread in the world. The probable impact of Blockchain on law systems is evaluated. The paper concludes by summarizing the consequences and suitability of using Blockchain Technology in Law systems and Legal services.

Suggested Citation

  • Hegadekatti, Kartik, 2017. "Legal Systems and Blockchain Interactions," MPRA Paper 82867, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:82867
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/82867/1/MPRA_paper_82867.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hegadekatti, Kartik & S G, Yatish, 2016. "The K-Y Protocol: The First Protocol for the Regulation of Crypto Currencies (E.g.-Bitcoin)," MPRA Paper 82067, University Library of Munich, Germany.
    2. Hegadekatti, Kartik & S G, Yatish, 2016. "Roadmap for a Controlled Block Chain architecture," MPRA Paper 82070, University Library of Munich, Germany, revised 16 Aug 2016.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hegadekatti, Kartik, 2017. "Automation Processes and Blockchain Systems," MPRA Paper 82869, University Library of Munich, Germany.
    2. Hegadekatti, Kartik, 2017. "K-Chains: A New Class of Blockchains and Related Turing Machines Based on Quantum Mechanics," MPRA Paper 82832, University Library of Munich, Germany, revised 16 May 2017.
    3. Hegadekatti, Kartik, 2017. "Towards Regional Monetary Unions through Blockchain Networks," MPRA Paper 82838, University Library of Munich, Germany, revised 18 Apr 2017.
    4. Hegadekatti, Kartik, 2016. "Analysis of Contracts in Various Formats of Blockchain," MPRA Paper 82868, University Library of Munich, Germany.
    5. Hegadekatti, Kartik, 2017. "The K-Y Paradox: Problems in Creating a Centralised Sovereign Backed Cryptocurrency on a Decentralised Platform," MPRA Paper 82863, University Library of Munich, Germany.
    6. Hegadekatti, Kartik, 2017. "Blockchain Technology - An Instrument of Economic Evolution?," MPRA Paper 82852, University Library of Munich, Germany.
    7. Hegadekatti, Kartik & S G, Yatish, 2017. "The Programmable Economy: Envisaging an Entire Planned Economic System as a Single Computer through Blockchain Networks," MPRA Paper 82831, University Library of Munich, Germany, revised 16 May 2017.
    8. Hegadekatti, Kartik, 2017. "Brand Tokenization and Monetization Through Cryptocurrencies," MPRA Paper 82833, University Library of Munich, Germany, revised 19 Oct 2017.
    9. Hegadekatti, Kartik, 2017. "Blockchains and Extra-Terrestrial Nations: Role of Blockchains in the Socio-Political Milieu of Future Extra-Terrestrial Settlements," MPRA Paper 82837, University Library of Munich, Germany, revised 09 May 2017.
    10. Hegadekatti, Kartik & S G, Yatish, 2016. "Roadmap for a Controlled Block Chain architecture," MPRA Paper 82070, University Library of Munich, Germany, revised 16 Aug 2016.

    More about this item

    Keywords

    blockchain; bitcoin; cryptocurrency; rsbc; nationcoins; K-Y Protocol;
    All these keywords.

    JEL classification:

    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • P37 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Legal
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:82867. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.