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THE LEGAL NATURE OF A SMART CONTRACT IN RUSSIAN CIVIL LAW

Yusupov Damir Dinarovich  (Postgraduate student of the Department of Civil Law Kazan (Volga Region) Federal University Kazan, Russia )

In this article, the author studies the legal nature of a smart contract, the introduction of which into the technological process of organizations such as banks or insurance companies significantly reduces the cost of the process and makes the product more attractive to customers. The author identifies legal problems that may arise in case of disputes over a transaction made through a smart contract, and operational risks in the format of failure to provide any information by a specialist due to his affiliation and neglect of one or another nuance of the transaction due to the fact that the specialist considers them not essential. The author comes to the conclusion that a smart contract is a technology that can be recognized as a way of fulfilling an obligation, which does not replace either the contract or the form of the contract, and therefore requires the conclusion of a traditional form of contract to conclude a transaction.

Keywords:smart contract, online transaction, digital code, digitalization, digital technologies, contract
 

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Citation link:
Yusupov D. D. THE LEGAL NATURE OF A SMART CONTRACT IN RUSSIAN CIVIL LAW // Современная наука: актуальные проблемы теории и практики. Серия: ЭКОНОМИКА и ПРАВО. -2025. -№01. -С. 125-127 DOI 10.37882/2223-2974.2025.01.32
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