The European Commission aims for more control over smart contracts in new Data Act
2022/02/26 00:59According to The Block, the European Commission has released its proposal for the union's new Data Act, with some concerning fine print for the future of smart contracts. The draft legislation identifies smart contracts as: "Computer programs on electronic ledgers that execute and settle transactions based on pre-determined conditions. They have the potential to provide data holders and data recipients with guarantees that conditions for sharing data are respected." Article 30 as currently written would mandate that applications using smart contracts include a kill switch.
Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。