AUTOMATIZATION OF INTERNATIONAL LAW IN THE FOURTH INDUSTRIAL REVOLUTION THROUGH SMART LEGAL CONTRACTS

Authors

  • Muhammad Imran College of Law, Government College University, Faisalabad Pakistan
  • Muhammad Arif Saeed Department of Law, The Islamia University of Bahawalpur, Pakistan
  • Aas Muhammad Department of Law, The Islamia University of Bahawalpur, Pakistan

DOI:

https://doi.org/10.52567/pjsr.v4i1.634

Abstract

Purpose – Smart contracts minimise transaction costs and boost efficiency. Smart contracts are costly, single-use, and inefficient. This study proposes a smart contract mechanism to address these issues. Design/methodology/approach – This study examines smart contract research history, models, and platforms to highlight their flaws. Based on typical contract content, a smart contracts model is built. Findings – This paper describes smart contract operation using several models. Decomposing smart contracts into sub-contracts facilitates global implementation. Then, smart contract benefits and deployment strategies are examined. Here's an illustration of how smart contracts will affect our lives. Originality/value – Smart contract is expanding. This article describes smart contract structure and functioning.

Keywords: AI, 4th IR, Applicability, international law, Smart contracts.

Author Biographies

  • Muhammad Imran, College of Law, Government College University, Faisalabad Pakistan

    Assistant Professor

  • Muhammad Arif Saeed, Department of Law, The Islamia University of Bahawalpur, Pakistan

    Lecturer

     

  • Aas Muhammad, Department of Law, The Islamia University of Bahawalpur, Pakistan

    Lecturer

     

Additional Files

Published

2022-03-31

Issue

Vol. 4 No. 1 (2022): Pakistan Journal of Social Research (PJSR)

Section

Research Article

License

Copyright (c) 2022 Muhammad Imran, Muhammad Arif Saeed, Aas Muhammad

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Except where otherwise noted, content on this site is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

How to Cite

[1]
“AUTOMATIZATION OF INTERNATIONAL LAW IN THE FOURTH INDUSTRIAL REVOLUTION THROUGH SMART LEGAL CONTRACTS”, Pak. J, Soc. Sci., vol. 4, no. 1, pp. 180–186, Mar. 2022, doi: 10.52567/pjsr.v4i1.634.