PRAVNI OKVIR REGULISANjA PAMETNIH UGOVORA

Abstract

In the 21st century, the connection between law and information technology is attracting a lot of attention. With the development of cryptocurrencies, smart contracts came to life, the concept of which was conceived in 1996 by Nick Sabo. He described smart contracts as a set of promises, specified in digital form, including protocols within which the parties perform on these promises. A key aspect of the smart contract debate is the ability of European and national legislators to create rules that would allow the efficient use of new technology. Smart contracts may change the way contracts are drawn up, administered and executed, but it remains doubtful that this type of contract may completely replace classic contracts in the near future. The subject of the research also consists in the answer to the disputable questions regarding smart contracts in order to put a light on significant segments of the regulation of these contracts, as well as to propose their further improvements. In the following text, having in mind the complexity of the topic, and the limited scope of work, a review of the main specifics of smart contracts will be made.