LEGAL REGIME OF SMART CONTRACTS IN FOREIGN ECONOMIC ACTIVITY

Abstract

In this article, the author analyses the importance of smart contracts in foreign economic activity, their advantages and disadvantages, as well as the legal regime. Smart contracts are a promising area of study of international private law issues, based on block chain technology, which is a decentralized system of distributed notebooks consisting of a chain of computers connected to a single server. Block chain technology gives participants in smart contracts a unique opportunity to exchange property values without intermediaries such as banks, notaries, agents, guarantors and more. The process of gradual formation of the legal framework for the regulation of smart contracts in foreign countries continue