SMART CONTRACT – CHALLENGES AND PERSPECTIVES
SMART CONTRACT – CHALLENGES AND PERSPECTIVES
Author(s): Darko Radić, Dejan PilipovićSubject(s): Law, Constitution, Jurisprudence, ICT Information and Communications Technologies
Published by: Правни факултет Универзитета у Бањој Луци
Keywords: electronic contract; smart contract; electronic form; blockchain; execution of the contract;
Summary/Abstract: Application of information and communication technologies (ICT),particularly artificial intelligence, opens new horizons and offers variety of possibilities. In this regard, there is need to reconsider how ICT reflects on regulating legal relations, especially in terms of smart contracts. Consequently, the authors seek to analyse the validity of the electronic contract form in positive legislation, and in particular the possibility of contract realization using blockchain technology. This raises many questions, especially from the standpoint of confrontation between classical contract law institutes and the execution of smart contracts, especially considering the limitation of contractor capabilities and the fact that smart contract enjoys autonomy.
Journal: Зборник радова Међународни научни скуп „Изазови и перспективе развоја правних система у XXI вијеку"
- Issue Year: I/2020
- Issue No: 1
- Page Range: 111-132
- Page Count: 22
- Language: English