Industry and business practices are being reshaped by smart contract technology. With the rapid development of cryptocurrencies and their underlying blockchain technology, Nick Szabo's initial concept of smart contracts has been resurrected. Although smart contracts have the potential to spark a new wave of business process innovation, legal issues must be addressed. This article provides a basic overview of smart contracts, including their usage and advantages. In addition, this article also presents a legal analysis of the implementation of smart contracts under the Lebanese Code of Obligations and Contracts, as well as the new e-transactions and data protection law.
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