Usefulness and Dangers of Smart Contracts in Consumer Transactions

Abstract

It provides an early overview of the cases where the use of smart contracts may prove significantly beneficial in B2C transactions. It focuses on the capacity of smart contracts to mitigate some of the well-known problems affecting B2C and B2B relationships. The adoption of regulatory sandboxes in the rail and air sectors will be described as a first testing ground to assess the potential of smart contracts.