Brief: Legal Smart Contract. Buy and sell instruction

Essay: Legal Smart Contract. Buy and sell instruction
Alex Garcias. Legal Smart Contract – 2020

Policy Brief
Title: Brief. Legal Smart Contract. Buy and sell instruction
00004 | January 2020
Language: English
Alex Garcias, Dr.

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In Brief 

Essay: Legal Smart Contract. Buy and sell instruction

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Buy and sell in international market is the most common operation. Dialy millions of persons use the internet to made business. All domestic or international transaction suck as buy and sell needs agreement to control rights and duties of the participants.

Many organizations are concerned with the enforcement of rights and duties, and with risk management, uniform agreements have been built, for example, to buy and sell oils, seeds, food, textiles among others. The objectives of uniform rules are to apply the same rights and duties to the same products and services.

Uniform rules for the control of rights and duties in the international market reduce the risk of conflict between participants and, in effect, reduce the need to access the judicial system to solve problems related to private negotiation. However, resolving conflict effect of international trade is a big problem for the global economy.

How Legal Smart Contract can control rights and duties without intermediaries to allow the small, medium, large companies to participate of the international market without intermediaries?

Motivation for research

  • No poverty UN goals;
  • Zero hunger UN – goals;
  • Reduce unemployment;
  • Build a decentralized system to control rights and duties without intermediaries;
  • Using technology to improve people’s lives;

Research question

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Brief: Payments. Legal Smart Contract to control rights and duties over payment and international trade without intermediaries

Alex Garcias. Legal Smart Contract
Alex Garcias – Legal Smart Contract – Blockchains

Policy Brief
Title: Payments. Legal Smart Contract
00002 | January 2020
Language: English
Alex Garcias, Dr.

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In Brief

The payment system in world trade is centralized. This means that all transactions in the international trade market need Bank and government support to control import and export duties and taxes.

The centralized system has many known issues. The high cost to import and export and the complexity of the centralized system are tariff and non-tariff barriers to world free trade.

The centralized system blocks the small and medium business owner from selling and buying in the international market. The cause is the complexity of import and export procedures.

Many intermediaries are needed to execute the complex system of international market participation. The more intermediaries, the higher the final price of the product and services.

We can use Legal Smart Contract to control rights and duties without intermediaries and reduce barriers to market access and help small, medium and large businesses.

We can build ecosystem to control rights and duties without intermediaries about the world trade payments.

Motivation for research

• Free access to the international market. Everyone, anywhere, can participate in the international market without intermediaries;
• No poverty UN goals;
• UN hunger goals;
• Reduce unemployment;
• Build a decentralized payment system;
• Using technology to improve people’s lives;

Research question

How does Legal Smart Contract control rights and duties without intermediaries over the import and export system?
How to create an international payment method to help small, medium and large companies to participate in the international market?
How to reduce bankruptcies with free access to the international market?
How can crypto-assets help the small, medium and large companies to participate of the international market in decentralized system?

Data and methodology

Literary research;

Field research:

• Build the ecosystem to test the argument;
• Data and methodology about the ecosystem informatic system in Yellow Paper;

Ecosystem. Available

https://alexgarcias.com.br/smartcontract

Research findings

If the research findings is true to:

If Legal Smart Contract can control rights and duties on international payments in the world market, Build the ecosystem to test the argument;

If Legal Smart Contract can control rights and duties on international payments in the world market and reduces the risk to participants, then Build the ecosystem to test the argument;

If Legal Smart Contract can control rights and duties on international payments in the world market and reduces cost to participants, then Build the ecosystem to test the argument;

If Legal Smart Contract can control rights and duties on international payments in the world market and reduces tariffs and non-tariffs barries, then Build the ecosystem to test the argument;

Conclusion

The Legal Smart Contract can replaces the common agreement to control rights and duties without intermediaries. The ecosystem has low cost and high benefits to allow small, medium and large companies to participate of the global market.
The ecosystem may allow access to many companies in the world that cannot now participate in the international market because they do not have the technical and financial capacity to do so.
The ecosystem can reduce poverty;
The ecosystem can reduce hunger;
The ecosystem can help isolated places and developing countries participate in the international market;

Are you interested in this project? contato@alexgarcias.com.br – subject – international payment and Legal Smart Contract.
_______________________________
Alex Garcias, Dr. Attorney – research
CEO – Alex Garcias Law Firm International

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