Extension: Smart Contracts and Blockchain Technology: From Paper to Code, Paving the Way for the Reshaping of Traditional Contract Theory in E-Commerce – A Comparative Study
Smart Contracts and Blockchain Technology: From Paper to Code, Paving the Way for the Reshaping of Traditional Contract Theory in E-Commerce – A Comparative Study presents the following source proposition: <ns5:p>Background Smart contracts depending on blockchain technology have emerged as a transformative mechanism for the execution of contractual obligations in electronic commerce and digital transactions. This proposition is pertinent to Kaal's source-bound claim that A smart contract is computer program code that enables the verification, execution and enforcement of specific terms and conditions of a contractual arrangement. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
smart-contractsblockchainlaw-and-legal-systemshistorical-responsescholarly-literatureopenalex