Strategic Studies of Jurisprudence and Law

Strategic Studies of Jurisprudence and Law

Smart contracts from a jurisprudential perspective and their functions in creating documents, financial and capital markets

Document Type : research

Authors
Masoud Ghorbani Kandseri 1
Mehdi Mohammadiyan Amiri 2
Ali Rezvani 3
1 PhD student, Fiqh and Fundamentals of Islamic Law Department, Semnan Branch, Islamic Azad University, Semnan, Iran.
2 Assistant Professor, Fiqh and Basics of Islamic Law Department, Babol Branch, Islamic Azad University, Babol, Iran
3 Assistant Professor, Fiqh and Fundamentals of Islamic Law Department, Shahrood Branch, Islamic Azad University, Shahrood, Iran
10.22034/ejs.2023.410309.1507
Abstract
Background and Aim: Smart contracts are one of the new contracts in contract law.In this article, the function of smart contracts in creating documents is analyzed.
Materials and methods: This article is descriptive and analytical and library method is used.
Ethical considerations: In this article, the originality of the texts, honesty and trustworthiness are observed.
Results: Smart contracts have different functions. These functions include transferring assets, verifying identity, creating legal documents, and managing financial transactions. Smart contracts are one of the vital innovations of blockchain technology that help create documents and transactions without intermediaries. This technology based on smart contracts allows the creation and automatic execution of contracts with the help of executable programming codes on the blockchain.
Conclusion: In a prosperous and dynamic economy, ownership is an important concept and occupies an important part of the process of building trust in transactions. Today, blockchain-based smart contracts have gained considerable acceptance as a guarantee of the property rights of individuals and organizations. This tool is perhaps the most promising solution that has been created so far in solving the challenges of registering the ownership of assets; Because it makes the authentication process simpler and safer, it also strengthens trust through transparency.
Keywords
smart contracts
blockchain
creation of documents
transactions without intermediaries
Subjects
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Strategic Studies of Jurisprudence and Law
Volume 5, Issue 4 - Serial Number 19
Studies of economic jurisprudence
Autumn 2023
Pages 193-210