SMART CONTRACTS: SECURITY ISSUES AND FURHTER DEVELOPMENT IN BRAZIL

International Journal of Law in Changing World - IJLCW

Endereço:
Avenida Raymundo Magalhães Júnior - 300 - Barra da Tijuca
Rio de Janeiro / RJ
22793050
Site: https://ijlcw.emnuvens.com.br/revista/index
Telefone: (21) 9981-7675
ISSN: 2764-6068
Editor Chefe: Daniel Brantes Ferreira e Elizaveta A. Gromova
Início Publicação: 27/04/2022
Periodicidade: Bianual
Área de Estudo: Ciências Sociais Aplicadas, Área de Estudo: Direito

SMART CONTRACTS: SECURITY ISSUES AND FURHTER DEVELOPMENT IN BRAZIL

Ano: 2022 | Volume: 1 | Número: 2
Autores: Luane Silva Nascimento; David Gabriel Dutra Martins
Autor Correspondente: Luane Silva Nascimento | [email protected]

Palavras-chave: BUSINESS ACTIVITY; TECHNOLOGIES; SECURITY

Resumos Cadastrados

Resumo Inglês:

This study aims to describe how smart contracts are made and the legal certainty of using them on business contracts. For this, the study concepted the smart contract, as well its characteristics and the difference between smart contract and e-contract. It described the legal certainty of smart contract and how they can be used on business transactions. Besides, the research explained the importance of blockchain, ethereum and cryptocurrency at the smart contract. At last, it was described how smart contracts are applied in the legal universe and demonstrated their advantages as self-execution and clauses’ immutability. For this work, the bibliographic research and deductive method were used. The study concluded that the inexistence of law causes legal insecurity which represents an obstacle to spread the use of smart contracts.