Smart Contracts Under UAE Law: Theory and Practice

This book comprehensively analyses the transformative capacity of Smart Legal Contracts in reconstructing the legal landscape, with particular emphasis on their integration within the legal framework of the United Arab Emirates (UAE). It provides a thorough examination of Smart Legal Contracts, underscoring their incorporation within the UAE legal system. These contracts leverage blockchain technology to enhance the efficiency, transparency, and security of various contractual agreements. The commitment of the UAE to establish itself as a leader in technological innovation is discussed, highlighting the country’s proactive adoption of Smart Legal Contracts to streamline operations across sectors including finance, real estate, and trade. This integration is facilitated through amendments to existing legal statutes such as those concerning evidence, electronic transactions, civil procedures, commercial transactions, arbitration, and virtual assets.