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Agents, Trust and Contracts

Agents, Trust and Contracts
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Author(s): Paulo Novais (University of Minho, Portugal), Francisco Andrade (University of Minho, Portugal), José Machado (University of Minho, Portugal)and José Neves (University of Minho, Portugal)
Copyright: 2010
Pages: 12
Source title: Information Communication Technology Law, Protection and Access Rights: Global Approaches and Issues
Source Author(s)/Editor(s): Irene Maria Portela (Polytechnic Institute of Cávado and Ave, Portugal)and Maria Manuela Cruz-Cunha (Polytechnic Institute of Cávado and Ave, Portugal)
DOI: 10.4018/978-1-61520-975-0.ch012

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Abstract

Inter-systemic contracting may be based upon autonomous intelligent behaviour. Autonomy is an important advantage of software agents. Yet, it brings along several issues concerning the legal consideration (e.g. legal personality/attribution) and the legal consequences of software agent’s behaviour. The intervention of software agents in corporate bodies and the consideration of its roles must also be referred. All this intends interactions based on contracts and relations of trust, at an individual, at a community and at a systemic level. In this regard, it does make sense to speak of the relation between good faith and trust in inter-systemic contracting. And at the systemic level there is a need to focus on special protocols intended to enhance trust in electronic commerce. Chapter 12 proposes smart contracts as a way of enhancing trust and of achieving enforcement in electronic contracting.

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