Nobel Prize-Winning Economist Shares His Thoughts On Smart Contracts
Law developer — working group «Skolkovo Legal». About this in his telegram channel «CryptoLine» said the head of the working group on cryptocurrencies in the State Duma Elina Sidorenko.
IN published document changes were made to the first three parts of the Civil Code of the Russian Federation and the Family Code. The bill provides that a confirmed electronic transaction can be equated to a transaction made in writing. A notarial transaction is recognized as complied with if the notary has used a strengthened qualified electronic signature to certify it.
A mechanism for fulfilling obligations based on digital algorithms is approved. The draft law says that the obligation can be performed without the direct participation of the parties on the basis of an agreed algorithm. Also, contracts signed with the help of an electronic signature or other identification methods acquire legal force. For real estate transactions, certification of such an agreement is required with a strengthened qualified electronic signature of a notary.
The legal significance of an electronic message is also established, which is considered delivered after the day of sending, if it arrived at the appropriate address. Statements and consents, regulated relations between spouses and members of the electronic form, when certifying the electronic signature of a notary.
Recall that Russian schools are digitalizing.
text: Ivan Malichenko, photo: State Duma
XRP News today: Smart contracts to become enforceable by law. Shuffle at Ripple’s XPRING