THE RISE OF SMART CONTRACTS IN UZBEKISTAN: TRANSFORMING CROSS-BORDER TRADE IN A DIGITAL AGE

Abstract

This article explores how communication technologies and blockchain advancements have accelerated the adoption of smart contracts in cross-border electronic commerce, particularly in response to the Covid-19 pandemic. It examines the impact of smart contracts on transaction efficiency, cost reduction, and security enhancement, while also addressing challenges in legal recognition and regulatory frameworks. The article integrates insights from technological advancements and legal perspectives to advocate for the integration of smart contracts into existing legal frameworks.
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