Legal Regime of Smart Treaties in the Field of Foreign Economic Activity

Smart contract legal smart contract Block chain digital agent Bitcoin system cryptocurrency foreign trade digital transactions

Authors

  • Boltayeva Sh. B. Senior Teacher, Department of Economy Faculty of Tourism and Economy Bukhara State University, Bukhara, Uzbekistan
  • Kurbonova M. M.
    Kurbonova@gmail.co
    Student, Department of Economy Faculty of Tourism and Economy Bukhara State University, Bukhara, Uzbekistan
  • Temirova R. Sh. Student, Department of Economy Faculty of Tourism and Economy Bukhara State University, Bukhara, Uzbekistan
December 10, 2021

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This article is about the legal regime of smart contracts in the field of foreign economic activity, the history of the origin of smart contracts and their current place. It also lists the advantages and disadvantages that arise in the process of putting smart contracts into practice. Smart contract is a computer algorithm designed to create, manage and present information about the ownership of something. In the narrow sense, a smart contract is a set of functions and data located at one address in a block chain.