REGULATION OF SMART CONTRACTS IN THE EXPERIENCE OF FOREIGN COUNTRIES AND ITS IMPORTANCE FOR NATIONAL LEGISLATION

Abstract

This article analyzes the legal nature of smart contracts, approaches to their regulation in the experience of foreign countries and the importance of this experience in improving national legislation. In the context of the digital economy, it is justified that smart contracts are formed as a new technological form of the traditional contract Institute, the need for their integration into the legal system is growing. On the example of the experience of individual states, models of the application of smart contracts on the basis of applicable civil law norms and regulation through special regulatory mechanisms are studied. As a result of the study, scientific conclusions will be developed on the need to gradually introduce smart contracts into national legislation, as well as on the directions of their legal clarification.