Smart contracts
DOI:
https://doi.org/10.71112/0kgrm341Keywords:
evolution, smart contracts, blockchain, electronic commerce, technologyAbstract
This research paper analyzes the origin, structure, and application of smart contracts within the current context, as well as the technological and legal evolution of blockchain. Based on a qualitative and documentary approach, the historical background and elements of the contract are reviewed, as well as the essential elements of smart contracts. Blockchain technology is also reviewed as a technical pillar, emphasizing its immutable, invulnerable, and secure operation. Likewise, its main applications in the financial sector, public administration, and intellectual property are examined. Through the analysis of comparative legal systems and their application, it is possible to observe that smart contracts offer advantages such as automation, cost optimization, and transparency. The research concludes by showing the need to adopt a regulatory system that establishes the existence, validity, and functionality of smart contracts without undermining the general principles of contract law.
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