SMART CONTRACTS IN THE USA AND RUSSIA: CONCLUSION, EXECUTION, DEVELOPMENT PROSPECT


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Abstract

The article is devoted to study regulatory issues and legal perspectives of regulation created on the blockchain smart contract platform in the Russian Federation and the United States of America, in which the legislations in this field are actively developing. To this end, the author of this article has analyzed the most informative publication prepared by Alex Lipton and Stuart Levy posted on website of Harvard Law School Forum on corporate Governance and Financial Regulation, as well as provided the legal views of Russian legal scholars examining similar issues. As a result of the comparative analysis it was found that Russian and American researchers are concerned, in fact, with the same issues relating to the entry (conclusion, execution), performance and future development of smart contracts. The Russian scientists’ legal views and American colleagues’ experience, given in the present article, may be taken into account when working on regulations (regulatory issues) related to blockchain and smart contract.

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About the authors

Mariya V. Khadeeva

Kutafin Moscow State Law University (MSAL)

Email: hadeeva_mariya@mail.ru
Postgraduate Student of the Banking Law Department

References

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