Smart contract – revoluce v smluvním právu 21. století?
Smart contract – revolution in the contractual law of the 21st century?

Summary/Abstract: This article deals with the possibility of conclusion of contract, which exists in the form of code (algorithm) and are stored in a blockchain. These contracts are called smart contracts, although the term “smart contract” was used for the first time in 1997, at the dawn of the internet age and before blockchain, and designated self-executive contract through software or hardware. Today, the block chain resolves some issue related to the previous software and hardware contract processing, and it is intended to be applied at mass scale, as way of contract concluding in the form of code. The purpose of this article is to answer whether it is legally possible to conclude smart contract under Czech law, and tackle possible challenges to smart contracting from the Czech perspective.

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