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Legal Review of Smart Contracts in the Field of Oil and Gas and Petrochemicals

Journal: International Journal of Nations Research (Vol.8, No. 87)

Publication Date:

Authors : ;

Page : 71-95

Keywords : Smart Contracts; Blockchain; Oil and Gas and Petrochemical Industries; The Fourth Industrial Revolution;

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Abstract

Introducing smart supply chains is one of the basic and important steps in the field of oil, gas and petrochemicals in the current sanctions situation. On the other hand, due to the high complexity of oil and gas supply chain management and the very high geographical dispersion of this field and advanced features such as data-oriented management, information sharing, maintaining confidentiality and privacy of data, cyber security, transparency , smart contracts, tracking and tracing capabilities, and network reliability that promote agility in the entire supply chain are of particular importance. The main purpose of this article is to study the effects, the way of implementation and the effects of establishing the smart contracts system on the performance of the oil, gas and petrochemical fields. Therefore, it has been tried to deal with the dimensions, angles and effects of this field with a systematic review. The research method of the previous article is prescriptive and the author, by conducting library research on the policy challenges of concluding smart contracts in the field of oil, gas and petrochemical industries, tried to prescribe the implementation of the mechanisms of conclusion of one of the newest electronic tools. applied in this field. The findings show that the use of smart contracts has reduced the current administrative bureaucracies, improved the speed, accuracy and efficiency of the entire supply chain of the oil and gas field and can play an effective and significant role in managing the complex activities of this field. . Also, in line with the establishment of these systems, there are some technical, security and legal restrictions that should be examined more carefully and other aspects of these contracts in accordance with the constitutional rights of our country should be checked and examined more. be placed.

Last modified: 2023-06-15 18:35:57