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January 1, 2021· SSRN Electronic Journal
preprint
Open access

Solidity : Smart Contract Language or Legal Contract Language

Authors:Hilal Umucu *

Abstract

This article primarily focuses on how to set up a smart contract with Solidity. Considering that the usage and examples of smart contracts are increasing day by day, the number of contracts written with Solidity is increasing at the same rate. These contracts, in which computers describe the will of the parties in codes, have a relieving effect for the legal sector as well. Although “language” is the basis of the law, smart contracts are perfect for contracts that can be put forward concretely without human emotions. In this article, I started by defining what a smart contract is. Based on the definition of smart contract, I wrote in which sectors and in which projects smart contracts are used. Finally, I introduced the Solidity programming language, which is the main purpose of this article, and I wrote and explained the Inheritance Contract with Solidity.

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