Contracting in the age of smart contracts

Abstract EN

This paper aims at discussing the phenomenon of artificial intelligence, which began since the 1960s, and the interest has been increasing steadily since 2010.

however, the reason for this increase is not only due to the expansion of the use of AI in everyday life, but in particular due to the specific legal challenges that this technology poses.

furthermore, in recent years, there has been an increase in contract automation, in other words, the possibility of performing certain procedures related to contracts on the basis of pre-programmed code without human review or any other intervention.

therefore, this technology offers significant benefits in terms of speed،costs of implementing and administering contracts, including matters related to contract execution.