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December 10, 2020Ā· THE LAW AND THE BUSINESS IN THE CONTEMPORARY SOCIETY: Conference proceedings of the 3-rd National Scientific Conference
conference-paper
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SMART CONTRACT AND CHALLENGES TO LAW

Authors:Gergana Varbanova *Gergana Varbanova

Abstract

Are the technologies advanced enough to replace lawyers and the judiciary in the negotiation and enforcement process? Is it possible for a program code to be a contract that binds the parties named in it? What is a smart contract and what challenges does it pose to the law? The present study aims to clarify and show the advantages and disadvantages of using smart contracts in civil law.

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