Characteristics of smart contracts

Massimo Doria (coordinator) (), Fabio Bassan (), Maddalena Rabitti (), Antonella Sciarrone Alibrandi () and Ugo Malvagna ()
Additional contact information
Massimo Doria (coordinator): Bank of Italy
Fabio Bassan: Università Roma Tre
Maddalena Rabitti: Università Roma Tre
Antonella Sciarrone Alibrandi: Università Cattolica del Sacro Cuore
Ugo Malvagna: Università Cattolica del Sacro Cuore

No 863, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The Bank of Italy, Università Cattolica del Sacro Cuore of Milan and Roma Tre University have launched a research project on the characteristics of smart contracts for the provision of banking, financial and insurance services. This paper aims to identify and analyse the legal and technical issues related to smart contracts, to then develop guidelines derived from best practices. It examines the concept of smart contract defined as: a) smart contract code, i.e. a software program stored, verified, and executed on a blockchain; b) smart legal contract, i.e. a means of articulating, verifying, and enforcing an agreement between parties that relies on blockchain technology. Additionally it offers an in-depth analysis of the characteristics of blockchain technology.

Keywords: smart contracts; DLT/blockchain; governance; tokenomics (search for similar items in EconPapers)
Date: 2024-07
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bancaditalia.it/pubblicazioni/qef/2024-0863/QEF_863_24.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_863_24

Access Statistics for this paper

More papers in Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area Contact information at EDIRC.
Bibliographic data for series maintained by ().