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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Main Authors: Sazonova Irina V., Mazhaeva Vladlena S., Potkin Alexandr A., Kuznetsova Marina A.
Format: Article
Language:English
Published: EDP Sciences 2021-01-01
Series:SHS Web of Conferences
Online Access:https://www.shs-conferences.org/articles/shsconf/pdf/2021/21/shsconf_icemt2021_01015.pdf
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spelling 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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