Title: Brief. Legal Smart Contract. Buy and sell instruction
00004 | January 2020
Alex Garcias, Dr.
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Essay: Legal Smart Contract. Buy and sell instruction
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;