SMART CONTRACT AND CHALLENGES TO LAW

Gergana Varbanova ()
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Gergana Varbanova: varbanova.bg

THE LAW AND THE BUSINESS IN THE CONTEMPORARY SOCIETY, 2020, issue 1, 359-364

Abstract: Are the technologies advanced enough to replace lawyers and the judiciary in the negotiation and enforcement process? Is it possible for a program code to be a contract that binds the parties named in it? What is a smart contract and what challenges does it pose to the law? The present study aims to clarify and show the advantages and disadvantages of using smart contracts in civil law.

Keywords: smart contract; block chain; contract; electronic document. (search for similar items in EconPapers)
JEL-codes: K00 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vra:lbcs20:y:2020:i:1:p:359-364

DOI: 10.36997/LBCS2020.359

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