Smart Contracts and CISG (Convention on the Sale of Goods)

Abstract

Smart contracts are the new tool on the block used to govern contractual relationships between parties, both within a nation state and internationally. Smart contracts use blockchain technology that is changing the process of contract formation, governance and implementation. This chapter discusses how the jurisdictions compared are all various stages of regulating and dealing with smart contracts. The chapter also examines how smart contracts can apply to the Convention on the International Sale of Goods 1980 in a limited way. Finally, this chapter builds on Chapter 1 by identifying the issues that are emerging in relation to arbitration of smart contract disputes.