ABSTRACT
Over the last decade, the application of digital technologies has been a special matter of interest in the legal profession. Smart contracts and blockchain technology are among the most interesting and potent developments encountered by the legal system. There are many potential applications of smart contracts. After much research conducted in that field, the law of obligations aspects of smart contracts seems clear. Smart contracts are not legally binding contracts per se. However, smart contracts may be legally binding if they fulfil obligations law requirements. Also, smart contracts may be used as an effective tool for contract enforcement. There is no need for special regulation but improvement of the general understanding of smart contracts and blockchain technology is necessary, especially among lawyers. However, an important issue that is yet undiscussed is the human rights aspect of smart contracts. The application of smart contracts raises concerns about potential violations of human rights and fundamental freedoms.
