International Journal of Social Discussion
Vol. 1 No. 2 (2024): Journals International Journal of Social Discussion

Smart Contracts: Assessing the Validity and Enforceability of Civil Law in Blockchain-Based Transactions

Sukardi, Didi (Unknown)



Article Info

Publish Date
19 Nov 2024

Abstract

Smart contracts are an innovation that emerged along with the development of blockchain technology, offering automation in the implementation of agreements without third-party intervention. However, the existence and application of smart contracts in the context of civil law still raises various questions regarding their validity and enforcement. This study aims to explore the legal challenges faced by smart contracts, as well as how civil law can accommodate and enforce agreements made in digital form. The research methodology used is qualitative analysis through literature studies and interviews with legal experts and industry practitioners. The results of the study show that although smart contracts offer efficiency and transparency, there are concerns regarding validity, legal recognition, and potential disputes. The novelty of this study lies in the integration of positive law and technology perspectives in understanding the dynamics between smart contracts and civil law. The social implications of this study include the need to develop adaptive regulations to regulate smart contracts, as well as increasing public understanding of the risks and benefits of using technology in legal transactions.

Copyrights © 2024






Journal Info

Abbrev

ijsd

Publisher

Subject

Humanities Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

Description

International Journal of Social Discussion is an international open-access journal dedicated to science, social, and advancement of technology and culture. The emphasis is on science principles, management, technologies, and social ...