The Regulatory Uncertainty of Smart Contract Flaws in Virtual and Argumentative Reality

Since the synthesis and evolution of the coding and blockchain technology with the self-executing commands, there is a sudden shift to the smart contract consumption patterns. In the global virtual commerce this phenomenon has been enormously increasingly day by day. This has been so based on the distinct, clear and strong advantageous characteristics mainly lies in security, transparency and its unique way of its decentralized automation nature. A large scope of transactions of this technology’s usage has been implemented in virtual and argumentative reality where codes create a lot of services such as games and commercial services amongst end users basically with no lawyers involved. However, despite its wide adoption intensifies, it renders no immune from the potential risks and uncertainty issues like any other software-based platforms. In generic terms every industry needs a regulatory way, which oversee or set red lines of boundaries in the form of structures, organizations and policies. In this context the code written and protocols which are executed automatically in systems aught also to be vetted in legal judiciary systems.