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Call Blockchain Developers What They Are: Fiduciaries | Bank Think

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The default position in tort law is that it is very difficult to hold software developers liable for the harms their software wreaks. Software licenses — the terms on which people use software — generally disclaim all liability for problems the software causes. In keeping with the tech mantra that it's always better to ask forgiveness than permission, these powerful shields encourage coders to experiment.

This lax liability standard may work when we are talking about sharing music or creating cat videos. It doesn't work so well with money, finance, contracts, property records, medical records, proof of identity

From Call Blockchain Developers What They Are: Fiduciaries | Bank Think

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