In the White Paper "Private International Law Aspects of Smart Derivatives Contracts Utilizing Distributed Ledger Technology", which is published by the Singapore Academy of Law, ISDA, Clifford Chance and R3, it is stated that: "...where an entirely disintermediated form of securities holding systems or trading platforms is established through the development of a public and permissionless DLT system, such that it is not possible to identify individual platform participants, it may not be possible to establish precisely where participants or assets are located." (page 30). In the context of the above statement, examine one legal issue and one social impact that may arise from the use of Smart Derivatives Contracts. You should provide real-life examples to analyse the legal issue and social impact that you have identified.