The Digital Era and Encoded Law: Legal Regulation of Smart Contracts

Abstract
In the era of rapidly developing digital technologies, the legal regulation and practical implementation of smart contracts have gained significant relevance. The immutability of these code-based, self-executing agreements, their dependence on oracles, and the challenges of party identification create certain contradictions with traditional contract law. The article, through a comparative analysis of the experiences of the United States, the European Union, and Russia, highlights potential contradictions that may arise in the process of integrating smart contracts into Azerbaijani legislation. By examining smart contracts in the context of Azerbaijani civil law, the study analyzes the applicability of traditional mechanisms for the modification and interpretation of contractual terms.