An Ebook divided into 4 parts:

1 ️. Basic smart contract regulations
2 ️. How do smart contracts work?
3 ️. The biggest benefits of smart contracts
4 ️. Smart Contracts and Real Estate: The Present and the Future

Curious?

Considering Point 1 ️ and understanding that the legal aspect is a major challenge, I decided to ask some questions to initiate and promote an extensive discussion.

What are the initial aspects that require the implementation of different regulations?

Pre-defined contract: How and where are the elements of the legal business brought together? What documentation is essential? Is it mandatory to conduct this process in clear language? If there are General Terms and Conditions, are specific considerations necessary?

Smart Contract Programming: what regulations should be applied to the programmer? What are the consequences of coding errors (for example, cancellation, loss of validity, rectification at the expense of a party or the programmer)? After an error has been identified, should there be a mechanism to interrupt the execution or resolve it later?

Definition of events to allow self-execution/automation of performance: Is it permissible to leave these determinations solely at the discretion of one of the parties? Can they rely on a previous smart contract that is based on the will of a single party? Is a change by a third party admissible? Can any fact or event serve as a trigger? What regulations are relevant to the individual responsible for providing event occurrence data?

Performance execution: Is it universally appropriate to consider them invariably irreversible? Should a suspension of execution mechanism (for example, Data Act) be provided for all scenarios? If so, under what circumstances and by whom should the suspension of execution be initiated? Should means be established to alter the execution of individual performances to guarantee atomic operations? Should this provision be adopted before execution or should this authority be entrusted to a third party?

Settlement/Legal Framework for Distributed Ledger Technology (DLT): What is the legal validity of a DLT? Does your content have an inherent presumption of accuracy? Under what circumstances can content be recognized as an enforceable instrument? Can it potentially achieve the status of a public document, subject to specific conditions?