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From YouTube: Agoric + Protocol Labs // Can Blockchains Provide Rule of Law? - Kate Sills

Description

Bitcoin was truly revolutionary. It was revolutionary because it enforced rules about the transfer of assets without the use of a trusted third party. In other words, it enforced property rights in an entirely new way.

Features such as property rights and contract enforcement are typically bundled together under the term “Rule of Law.” If Bitcoin could enforce property rights for bitcoin, and general smart contract frameworks can enforce some types of arrangements, can blockchains provide rule of law? How do we define the rule of law? Are there aspects of the rule of law that blockchains excel at providing? Are there aspects that they fail to provide?