Smart Contracts: The Blockchain Revolution in Contract Law.

Author(s)	Samiur Rahman
Country	Bangladesh
Abstract	Emerging technologies play pivotal role to accelerate the application of various developing sectors of the world. Automation and digitalization coupled with blazing fast networking have the potential to automate the execution of civil law. More precisely, smart execution and enforcement of contracts. With this notion in mind, this short article elaborates on the technical attributes of smart contracts and the technology that empowers it, the “Blockchain” and Distributed Ledger Technology or DLT. Moreover, the author of this article strived to emphasize the need for regulatory compliance of this evolving technology with reference to the adoption of smart contracts in various jurisdictions. Finally, the goal of this article is to extrapolate the exigencies of smart contract and how it can revolutionize the traditional contract law with automation and efficiency.
Keywords	Smart contracts, Blockchain technology, Distributed ledger technology (DLT), Regulatory compliance, Civil law automation.
Published In	Volume 6, Issue 3, May-June 2024
Published On	2024-06-29
Cite This	Smart Contracts: The Blockchain Revolution in Contract Law. - Samiur Rahman - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.23553
DOI	https://doi.org/10.36948/ijfmr.2024.v06i03.23553
Short DOI	https://doi.org/gt24w6

About IJFMR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9898-5948-55	editor@ijfmr.com

International Journal For Multidisciplinary Research