Development and Use of Smart Contracts in International Trade
DOI:
https://doi.org/10.24412.2072-8042-2020-10111Keywords:
a new type of writing contracts, international sale of goods, distributed registry technology, smart contracts, international tradeAbstract
The authors consider a new type of contract processing in international business, namely smart contracts. Smart contracts are based on the use of programming codes. The article analyzes the positive and negative aspects of using smart contracts in various business areas – in finance, domestic trade and international trade. The important feature of these contracts is that no involvement of intermediaries in trade is needed. The lack of appropriate legal instruments for regulating the conclusion and execution of smart contracts is noted.
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Published
2024-02-07
How to Cite
Orlova, G. A., Savinov, Y. A., & Taranovskaya, E. V. (2024). Development and Use of Smart Contracts in International Trade. Russian Foreign Economic Journal, (11), 47–57. https://doi.org/10.24412.2072-8042-2020-10111
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Section
International trade