The Notions of Blockchain and Smart Contract from the Point of View of the Intellectual Property Right

Author:Radu Stancu
Pages:102-107
SUMMARY

The paper proposes a legal definition of the notions of blockchain and smart contract from the point of view of the intellectual property right.Therefore, this research brings to light the effects of new technology on the positive law and, above all, on the notion of contract.By applying the blockchain technique, the parties optimize costs and significantly reduce the time needed to produce legal ... (see full summary)

 
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European Integration - Realities and Perspectives. Proceedings 2018
102
The Notions of Blockchain and Smart Contract from the Point of view of
the Intellectual Property Right
Radu Stancu1
Abstract: The paper proposes a legal definition of the notions of blockchain and smart
contract from the point of view of the intellectual property right.Therefore, this research
brings to light the effects of new technology on the positive law and, above all, on t he
notion of contract.By applying the blockchain technique, the parties optimize costs and
significantly reduce the time needed to produce legal effects, particularly by eliminating
third parties.However, this technique creates a real series of legal issues that already give
jurists the opportunity to develop new theories of law by finding solutions to them.
Keywords: blockchain; smart contract; intellectual property right
Introduction
In evolution, the human being sought as far as possible to find ways to facilitate their existence. That
began to create, currently to be dependent on technology that - you have to admit, it is an integral part
of our daily lives.
Undoubtedly, accuracy and speed of computer systems, the programming language created by human
genius, leading to exponential growth of society as a whole.
Creations and inventions have impacted so important to man, that he felt the need to protect the
essential means, both legal involving coercive force of the state and with technology, which has led to
the definition networks chains data and intelligent contracts, in addition to many other technological
means of protection.
Considering the above, we proposed below, to perform a first tempo analysis of what blockchain site
and smart contracts, ducking us on the general aspects and in a second tempo to present their
application, as they relate to intellectual property rights and other key areas of society.
1 Senior Lecturer, PhD, Danubius University of Galati, Romania, Address: 3 Galati Blvd., Galati 800654, Romania, Tel.:
+40372361102, Romania, Corresponding author: radu.stancu@univ-danubius.ro.

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