000 01280nam a22001337a 4500
999 _c530045
_d530045
008 250526b ||||| |||| 00| 0 eng d
100 _aShree, N. Vani and Anil, S. M.
_953673
245 _aThe impact of blockchain on contract law: Smart contracts and legal enforcement
260 _aWorld Affairs: The Journal of International issues
300 _a29(1), Jan-Mar, 2025: p.150-165
520 _aN Vani Shree and Anil S M explore how smart contracts work, their enforceability in different countries, and the challenges they bring to traditional legal systems. Blockchain technology, with its decentralised and immutable nature, has introduced significant transformations in various sectors, including finance, supply chains, and legal frameworks. The distributed ledger technology (DLT) underlying blockchain offers a secure, transparent, and tamper-resistant method for recording transactions. Smart contracts are self-executing digital agreements that automatically enforce the terms of the contract when predefined conditions are met, removing the need for intermediaries, such as lawyers or banks, to enforce contract terms.- Reproduced https://www.worldaffairsjournal.com/content.php
773 _aWorld Affairs: The Journal of International issues
942 _cAR