NYU Law Professors Propose Blockchain-Based Smart Contracts
New York University School of Law professors Max Raskin and Jack Millman recently published a paper in the Journal on Emerging Technologies discussing the legal aspects surrounding the use of
blockchain-based smart contracts for "personal growth bets." According to the professors, personal growth bets are essentially single-party contracts where individuals commit to certain actions within a specified timeframe. In their research, they focus on examples like quitting smoking or achieving weight loss goals. The core argument of their paper revolves around the idea that smart contracts can serve as enforcers and monitors, enabling individuals to bind themselves to their future commitments without involving third parties. For more l
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