2024-05-31

  • Block Chain Technology
  • Technology
  • Commercial Law
  • Contract Law
  • Justiciability

The Justiciability Of The Argument For The Recognition Of Freedom To Transact At The Emergence Of Blockchain Technologies In Uganda And World Wide

Article by George Okitoi

Abstract

The paper discusses the need for recognition for freedom to transact due to the emergence of block chain technologies. It looks at the existing legal framework on block chain and the fact that it has the potential to revolutionize a wide range of industries by enabling secure, transparent and efficient record-keeping and communication. As a result, many countries have recognized the importance of blockchain and have begun to legislate and regulate various aspects of its use. He asserts that freedom to transact is justiciable to the extent that individuals can seek legal remedies if their freedom to transact is violated or infringed upon. The author argues for a need to develop specific legislation on block chain technologies as well as the adoption of guidelines to ensure that these technologies are used in a way that respects the freedom to transact and promotes human rights.

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