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ARTICLE · 29 MARCH 2019

Guernsey's Recognition Of Electronic Agents And Smart Contracts

Carey Olsen
Carey Olsen
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Carey Olsen

Carey Olsen

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At the recent States of Deliberation meeting on 27 February 2019, the States approved a draft ordinance under The Electronic Transactions (Guernsey) Law,

GuernseyTechnology

At the recent States of Deliberation meeting on 27 February 2019, the States approved a draft ordinance under The Electronic Transactions (Guernsey) Law, 2000 (the "Law") which has been designed to create certainty under Guernsey law in relation to the legal effect, validity or enforceability of a contract involving an electronic agent(s).

What is an electronic agent?

The Law defines an 'electronic agent' as: "A computer program or electronic or other automated means used independently to initiate an action or to respond in whole or in part to information or actions in electronic form or communicated by electronic means, without review or action by a natural person."

Electronic agents and smart contracts

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