Smart contracts have emerged as trailblazers in the realm of decentralized digital agreements. These self-executing contracts, fueled by blockchain technology, offer unparalleled efficiency, transparency, and security. Their transformative potential extends across various industries, from finance and supply chain management to real estate and beyond. According to a report by Markets and Markets, the global smart contracts market is projected to reach $345 million by 2023, demonstrating the widespread adoption and growing significance of this technology. However, the global nature of smart contracts raises complex questions regarding jurisdiction, the application of traditional legal systems, and the legal frameworks that govern them.
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