Synergy of Business, Law and Economy in the Smart-Contract Implementation
The evolution of digital technologies leads to a tectonic transformation of all spheres of society. Law, as a system of regulating public relations, is changing dynamically along with the development of public relations in different spheres. The development of IT led to the emergence of blockchain t...
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EDP Sciences
2021-01-01
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doaj-b4da8f18125a48fa970e9700c9ae4efd2021-06-15T07:41:14ZengEDP SciencesSHS Web of Conferences2261-24242021-01-011100101510.1051/shsconf/202111001015shsconf_icemt2021_01015Synergy of Business, Law and Economy in the Smart-Contract ImplementationSazonova Irina V.0Mazhaeva Vladlena S.1Potkin Alexandr A.2Kuznetsova Marina A.3Moscow University for Industry and Finance “Synergy”, Department of Legal DisciplinesMoscow Finance and law University (MFUA), Department Civil law disciplinesMoscow Finance and law University (MFUA), Department Civil law disciplinesMoscow University for Industry and Finance “Synergy”, Department of Legal DisciplinesThe evolution of digital technologies leads to a tectonic transformation of all spheres of society. Law, as a system of regulating public relations, is changing dynamically along with the development of public relations in different spheres. The development of IT led to the emergence of blockchain technology, which, in turn, became the basis for the development of smart contracts. Smart contract technology, as it develops, causes changes not only in the legislation, but also in the model of interaction between the state and business. Due to smart contracts, a significant part of the rules can be algorithmized, and the regulation can become machine-readable. Purpose of the research: Legal research of the current legislation, the synergy of business, law and economy in the implementation of smart contract technology, determination of theoretical concepts in relation to smart contracts, the content and problems of the application of smart contracts, and identification of the most significant proposals for improving legislation. Methods: The authors of the research used general and specific scientific methods. In the study of the technological foundations of the smart contract, the main methods were analysis, synthesis, analogy, and a system-structural approach.https://www.shs-conferences.org/articles/shsconf/pdf/2021/21/shsconf_icemt2021_01015.pdf |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Sazonova Irina V. Mazhaeva Vladlena S. Potkin Alexandr A. Kuznetsova Marina A. |
spellingShingle |
Sazonova Irina V. Mazhaeva Vladlena S. Potkin Alexandr A. Kuznetsova Marina A. Synergy of Business, Law and Economy in the Smart-Contract Implementation SHS Web of Conferences |
author_facet |
Sazonova Irina V. Mazhaeva Vladlena S. Potkin Alexandr A. Kuznetsova Marina A. |
author_sort |
Sazonova Irina V. |
title |
Synergy of Business, Law and Economy in the Smart-Contract Implementation |
title_short |
Synergy of Business, Law and Economy in the Smart-Contract Implementation |
title_full |
Synergy of Business, Law and Economy in the Smart-Contract Implementation |
title_fullStr |
Synergy of Business, Law and Economy in the Smart-Contract Implementation |
title_full_unstemmed |
Synergy of Business, Law and Economy in the Smart-Contract Implementation |
title_sort |
synergy of business, law and economy in the smart-contract implementation |
publisher |
EDP Sciences |
series |
SHS Web of Conferences |
issn |
2261-2424 |
publishDate |
2021-01-01 |
description |
The evolution of digital technologies leads to a tectonic transformation of all spheres of society. Law, as a system of regulating public relations, is changing dynamically along with the development of public relations in different spheres. The development of IT led to the emergence of blockchain technology, which, in turn, became the basis for the development of smart contracts. Smart contract technology, as it develops, causes changes not only in the legislation, but also in the model of interaction between the state and business. Due to smart contracts, a significant part of the rules can be algorithmized, and the regulation can become machine-readable. Purpose of the research: Legal research of the current legislation, the synergy of business, law and economy in the implementation of smart contract technology, determination of theoretical concepts in relation to smart contracts, the content and problems of the application of smart contracts, and identification of the most significant proposals for improving legislation. Methods: The authors of the research used general and specific scientific methods. In the study of the technological foundations of the smart contract, the main methods were analysis, synthesis, analogy, and a system-structural approach. |
url |
https://www.shs-conferences.org/articles/shsconf/pdf/2021/21/shsconf_icemt2021_01015.pdf |
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