Suyog Ghosh Dasttidar, Legal Officer, KisanKraft Limited &
Aditi Mishra, Legal Manager, TATA Steel Limited
ABSTRACT
Smart contracts are a revolutionary technology that has the potential to transform the way business is conducted. They are self-executing contracts that are coded to execute automatically when certain conditions are met. They are transparent, immutable, and secure, making them ideal for use in a variety of applications, including finance, healthcare, supply chain management, and more. Despite the many benefits of smart contracts, there are also legal issues that need to be addressed. The legal scenario surrounding smart contracts is complex and constantly evolving. This article will provide an in-depth analysis of the legal issues surrounding smart contracts, including contract law, digital signature laws, intellectual property laws, data protection laws, and consumer protection laws. The article will also discuss the advantages of smart contracts and how they can be used to streamline business processes and reduce costs. Additionally, the article will explore the future of smart contracts and their potential impact on the legal scenario. Overall, this article will provide readers with a comprehensive understanding of smart contracts and the legal issues surrounding them. It will be a valuable resource for anyone looking to understand the legal implications of using smart contracts in their business.
