BLOCKCHAIN BASED SMART CONTRACTS FOR LEGAL TRANSACTIONS

VISTAS (2025) BLOCKCHAIN BASED SMART CONTRACTS FOR LEGAL TRANSACTIONS. 202541083123 A.

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Abstract

The present invention provides a blockchain - based system and method for creating, executing and managing legal transactions using smart contracts. The system enables parties to draft legally complaint contracts, authenticate participants, and automatically execute contractual obligations when pre defined conditions are met. All contracts, execution events, and audit trails are securely stored on an immutable blockchain ledger ensuring transparency, tamper-proof records and verifiability. The invention reduces reliance on intermediaries enhances efficiency enforces complaints with jurisdictional laws, and provides a fully auditable and legally enforceable framework for digital legal transactions

Item Type: Patent
Subjects: Legal Studies > Intellectual Property
Domains: Legal Studies
Depositing User: Mr IR Admin
Date Deposited: 12 May 2026 08:07
Last Modified: 12 May 2026 08:07
URI: https://ir.vistas.ac.in/id/eprint/15176

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