Advantages and disadvantages of smart-contracts as the basis for the emergence of ownership

The article examines the concepts, legal nature of smart contracts, as well advantages and disadvantages contracts a basis for ownership. technical aspect concept contract is considered. Models using are described. Approaches to determining presented. It concluded that two models must be considered when contracts. first model external, program code does not replace agreement, but only automates its execution. second internal, completely or partially replaces terms agreement. Among grounds emergence property rights can identified, all, inability change interference in work. However, at same time, this feature disadvantage contract, it allow take into account objective circumstances may affect implementation problem oracles also noted use actually means involvement third party transaction with all risks arise from it. involving notaries state registrars transactions on acquisition analyzed. problems lack regulation particular, related transnational nature, investigated. protection parties analyzed, errors outside interference. Temporary solutions regarding general recommendations legislative definition proposed.