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Types of legal relationship arising on the blockchain platform

https://doi.org/10.17803/2311-5998.2020.72.8.016-026

Abstract

The article is devoted to the justification proposed by the author of the system of legal relations arising between various participants in applications operating on the blockchain platform. There are three types of legal relations on the blockchain platform: firstly, legal relations between the platform participants regarding the protocol; secondly,  legal relations between the platform participant — the owner of the token, and all other third parties; thirdly, this is the legal relationship between two or more participants of the platform regarding various virtual objects of civil law. The first type of legal relationship is organizational in nature. Between all users of this platform, a multilateral legal relationship of an organizational type arises based on a multilateral agreement. In accordance with this agreement, participants in the blockchain platform mutually recognize the protocol used on the platform as a regulator of relations between them. The second group of legal relations between the “owner” of the token and all  third parties. These relationships are absolute relationships. By absolute digital rights it is permissible to understand only those civil rights that are certified in cyberspace, including through blockchain technology, but only in relation to digital property that can exist only in cyberspace. The third group of legal relations is the result of the conclusion by the platform participants of an appropriate civil contract of any type. These legal relations are relative obligatory legal relations.

About the Author

L. G. Efimova
Kutafin Moscow State Law University (MSAL)
Russian Federation
Head of the Department of banking law, Dr. Sci. (Law), Professor

125993, Russia, Moscow, ul. Sadovaya-Kudrinskaya, 9



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Review

For citations:


Efimova L.G. Types of legal relationship arising on the blockchain platform. Courier of Kutafin Moscow State Law University (MSAL)). 2020;1(8):16-26. (In Russ.) https://doi.org/10.17803/2311-5998.2020.72.8.016-026

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ISSN 2311-5998 (Print)
ISSN 2782-6163 (Online)