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VOL. 7, ISSUE 1 (2025)
Protecting E-commerce stakeholders through the insurance and cryptographic mechanisms: A legal perspective
Authors
Mc Levis Lynne Junior
Abstract
The manifestations of electronic contracts are
sometimes plagued with hurdles tending to make fulfillment/enforcement of such
contracts difficult. These hurdles stem from the overall nature of the
transaction, as it is concluded in a sphere where parties are not in physical
contact or are unable to transact face-to-face. This therefore causes some
complexities to contracting parties as to whether bargains, responsibilities
and security engagements under the contract shall be met. A lean towards
protection of stakeholders’ interests and more particularly of rights and
obligations under the contract against breaches/violations is therefore
worthwhile. In this regard, the insurance and cryptographic mechanisms can be
considered as some measures intended for the protection of stakeholders/parties
in electronic commerce contracts. Therefore, this write-up holds that,
stakeholders in electronic commerce also require protection by way of insurance
and the crypto system in order to ensure that the stakes of the contract are
fulfilled, and also that breaches are averted. As such, the objective of this
research is to ascertain how insurance and the crypto system can be used as
veritable mechanisms to ensure a fulfilling contract between contracting
parties to an electronic commerce transaction.
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Pages:92-98
How to cite this article:
Mc Levis Lynne Junior "Protecting E-commerce stakeholders through the insurance and cryptographic mechanisms: A legal perspective". International Journal of Law, Policy and Social Review, Vol 7, Issue 1, 2025, Pages 92-98
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