What Is the Legal Implication of ‘Clickwrap’ Agreements in a Blockchain Context?
'Clickwrap' agreements, where a user clicks "I agree" to terms of service, are generally legally enforceable. In a blockchain context, these terms often govern the non-code aspects of a decentralized application (dApp).
While the smart contract code is self-executing, the clickwrap agreement can provide the necessary legal context, liability limits, and dispute resolution mechanisms that the code cannot.