Introdução e Guia Prático a Smart Contracts (Introduction and Practical Guide to Smart Contracts)

28 Pages Posted: 29 Jan 2019

Date Written: January 17, 2019

Abstract

Portuguese Abstract: O objetivo do presente trabalho é, de modo simples e acessível, introduzir os principais conceitos, noções e cuidados para guiar a escolha e elaboração de smart contracts sob uma perspectiva negocial e jurídica. Assim, este trabalho será dividido em três partes. Na primeira, é discutida a definição de smart contract e as tecnologias e termos relacionados. Esta seção contextualiza o tema de modo abrangente apresentando de modo simples os principais aspectos técnicos das tecnologias atreladas a smart contract. Na segunda parte são discutidas as vantagens e desvantagens de smart contracts, ou seja, a seção apresenta os maiores atrativos da tecnologia, expondo também suas limitações de modo a guiar a escolha (ou não) de smart contracts em determinado acordo. A última parte, partindo do pressuposto de que as partes vão utilizar smart contract, discute e apresenta cautelas que devem ser tomadas em sua elaboração, mencionando aspectos sobre alocação de custos e inclusão de cláusulas peculiares a essa tecnologia.

English Abstract: The objective of this work is to, from a business and legal perspective and in a simple and accessible way, introduce the main concepts related to smart contracts and to provide a simple guide to help with the decision of whether to use this technology and, if so, what precautions to take. Thus, this work will be divided into three parts. In the first one, the definition of smart contract and related technologies and terms is discussed. This section contextualizes the topic in a comprehensive way, presenting in a simple way the main technical aspects of smart contract technologies. The second chapter discusses the advantages and disadvantages of smart contracts, that is, it presents the major benefits of the technology, also exposing its limitations in order to guide the choice of whether or not to use a smart contract for a certain agreement. The last part, based on the assumption that the parties will use a smart contract, discusses and presents cautions that must be taken in its elaboration mentioning topics related to allocation of costs and diligence and clauses unique to this technology.

Note: Downloadable document is in Portuguese.

Keywords: smart contract, blockchain, Ethereum, contract law, distributed ledger, Contrato, Direito Contratual

JEL Classification: K10, K12, O30

Suggested Citation

Schechtman, David, Introdução e Guia Prático a Smart Contracts (Introduction and Practical Guide to Smart Contracts) (January 17, 2019). Available at SSRN: https://ssrn.com/abstract=3317504 or http://dx.doi.org/10.2139/ssrn.3317504

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