Decision-making factors in the adoption of smart contracts in Brazilian companies

Abstract

This article seeks to identify the main factors in adopting smart contracts and the way these factors are known and taken into account by Brazilian companies. Thus, we conducted 30 interviews among Brazilian businesses. Results confirmed the existence of an alignment among the perspectives of the characteristics, benefits and adoption factors for smart contracts. Also, it was possible to conclude that the practice of smart contracts is still incipient in Brazil, and the prospects for applying them in companies have been spurred by the health restrictions put in place by the combat against COVID-19.