Microeconomics of Smart Contracts and Application to an International Sale

Microéconomie des Smart Contracts et application à une vente internationale

Vincent Iehlé (), Emy Lécuyer and Martin Vernay
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Vincent Iehlé: LERN - Laboratoire d'Economie Rouen Normandie - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université - IRIHS - Institut de Recherche Interdisciplinaire Homme et Société - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université
Emy Lécuyer: LERN - Laboratoire d'Economie Rouen Normandie - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université - IRIHS - Institut de Recherche Interdisciplinaire Homme et Société - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université
Martin Vernay: LERN - Laboratoire d'Economie Rouen Normandie - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université - IRIHS - Institut de Recherche Interdisciplinaire Homme et Société - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université, THEMA - Théorie économique, modélisation et applications - CNRS - Centre National de la Recherche Scientifique - CY - CY Cergy Paris Université

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Abstract: The article presents the benefits of smart contracts from an economic analysis perspective. It demonstrates how the precise design of smart contracts enhances the execution of transactions among microeconomic agents by facilitating payments and deterring fraud. The case of an international sale is proposed to illustrate the extended exchange possibilities achieved through such tools.

Keywords: smart contract; risk; escrow; programmable payment; Blockchain Technologies; risque; sequestre; paiement programmable; Blockchain Technology (search for similar items in EconPapers)
Date: 2024-02-02
New Economics Papers: this item is included in nep-pay
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04167670v1
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Published in Patrick Barban et Magali Jaouen. Structures et Usages de la Blockchain, Dalloz, pp.91-101, 2024, 978-2247_22854_6

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