Research on Legal Issues of Smart Contract Architecture

DOI: https://doi.org/10.62517/jel.202514607

Author(s)

Hongxin Hu

Affiliation(s)

School of Law (School of Intellectual Property), China Jiliang University, Hangzhou, Zhejiang, China

Abstract

In the context of economic globalization and rapid internet development, emerging digital technologies such as cloud computing, big data, and AI are revolutionizing industry production and sales. Smart Contracts, particularly empowered by blockchain advancements, present promising prospects. However, traditional contracts remain dominant in economic activities, especially in China’s vast SME market, where risks of real world transaction instability hinder smart contract adoption. Technical vulnerabilities and ecological security issues in smart contract platforms pose challenges in translating legal language into code. Despite progress in natural language processing, translating legal documents accurately remains difficult, burdening judges and programmers with time costs. Therefore, research on smart contract architecture and legal applications, along with practical solutions, is imperative for both theoretical and practical advancements.

Keywords

Smart Contracts; Smart Contract Architecture; Legal Issues

References

[1] Szabo, N. (2018). Smart Contracts: Building Blocks for Digital Markets. Journal of Digital Markets, 1, 1-11. [2] Chen, J. (2019). Legal Construction of Smart Contracts. East China Law Science, (03), 18-29. [3] Xia, Q. (2022). Analysis on Legal Nature of Smart Contracts. East China Law Science, (06), 33-43. [4] Ouyang, L., Wang S., Yuan Y., Xiaochun N., Wang F. (2019). Smart Contracts: Architecture and Advances. Acta Automatica Sinica, 45(03), 445-457. [5] Ni, Y. (2019). Civil Law Analysis and Implications of Smart Contracts. Journal of Chongqing University (Social Science Edition), 25(03), 170-181. [6] Wang, L. (2022). The Principle of Separation Under Formalism of Obligation. Tsinghua Law Journal, 16(03), 5-19. [7] Chen, Y. (2018). Identification of Intentions in Smart Contracts. Hainan Finance, (05), 39-45. [8] Cheng, L. (2022). Construction Path of Smart Contract Terms. Law Review, 40(02), 53-66. [9] Cao, S. (2023). Normative Effects and Practical Optimization of Blockchain Smart Legal Contracts. Science, Technology and Law, (03), 108-115. [10] Li, M. (2023). Risk Assessment and Legal Regulation of Smart Contracts. Academic Exchange, (03), 42-59. [11] Jin, L. (2020). Risk Analysis and Legal Regulation of Blockchain Technology. Law Science Magazine, 41(07), 84-93. [12] Yan, C. (2019). Construction and Risk Prevention of Smart Contracts. Law Science Magazine, (2), 43-51. [13] Zhang, T. (2020). Legal Attributes and Risk Management of Smart Contracts. Cyberspace Security, 11(09), 47-54.