Problems of Application of Smart Contracts in Civil Turnover
https://doi.org/10.21686/2411-118X-2023-4-47-54
Abstract
The article is devoted to the problems of law enforcement of smart contracts in civil turnover. Smart contracts, or self-executing digital contracts, attract the attention of specialists by their advantages, such as, for example, automation of processes, cost reduction and increase in the speed of transaction execution. But despite this, their application in civil circulation faces a set of legal and technological challenges. This paper investigates such issues as the legal validity of smart contracts, problems of their execution and legal risk assessment. This paper may be useful both for digital technology professionals and for students or lawyers studying law or practicing in the field of legal regulation of digital technologies. The author explores the history of the emergence of the concept of "smart contract", as well as various approaches to determining the nature of a smart contract. The author notes that the advantages of the smart contract system are the possibility of entering into legal relations without the involvement of intermediaries, in the automatic execution of the terms of the transaction, the mandatory regulation of the terms and the impossibility of changing the program code underlying the smart contract. This work can be useful both for specialists in the field of digital technologies, and for students or lawyers studying law or practicing in the field of legal regulation of digital technologies
About the Author
V. S. Kharkov
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
V. S. Kharkov - Postgraduate Student of the Department of Civil Law Disciplines of the PRUE
36 Stremyanny Lane, Moscow, 109992
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Review
For citations:
Kharkov V.S. Problems of Application of Smart Contracts in Civil Turnover. ECONOMICS. LAW. SOCIETY. 2023;8(4):47-54. (In Russ.) https://doi.org/10.21686/2411-118X-2023-4-47-54
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