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Smart Contract

What is Smart Contract?

Self-executing code stored on a blockchain that automatically enforces the terms of an agreement when predefined conditions are met.

AI and Technology

Frameworks that govern smart contract

EU AI ActView framework →

What the standards actually require on smart contract

Requirements naming smart contract across 5 standards, quoted from the control text.

ISO 22739:2024 - Blockchain and Distributed Ledger Technologies Vocabulary2 controls

Use standardized terminology for executable code stored on a shared ledger, distinguishing smart contracts from legal contracts.

ISO22739-3.5 · Smart Contract Terminology →
EU Data Act1 control

Article 36 imposes essential requirements on smart contracts executing data-sharing agreements: robustness (defence against errors and manipulation), safe termination and interruption (mechanism to cancel a transaction by mutual consent or by court order), dat...

DA-Art.36 · Essential requirements for smart contracts (Article 36) →
ITU-T X.805 - Security Architecture for End-to-End Communications1 control

Security Layer 3 Applications per X.805 Clause 7.3: The Applications Security Layer addresses requirements of network-based applications accessed by service provider customers.

X805-Layer3-Applications-Security-Email-Web-Directory-File-Transfer-E-Commerce-Video · ITU-T X.805 Security Layer 3 - Applications Security + Email + Web + Directory + File Transfer + E-Commerce + Video Conferencing + IM + Office Collaboration + SaaS + B2B EDI + Mobile Apps + APIs →
Japan FSA Cybersecurity Guidelines for Financial Institutions1 control

The FSA expects financial institutions to implement a comprehensive cybersecurity risk management framework + aligned with NIST CSF 2.0 + FFIEC IT Examination Handbook + ISO/IEC 27001 ISMS + integrated into Enterprise Risk Management (ERM).

JP-FSA-CYB-Risk-Management-NIST-CSF-FFIEC-Aligned-Identify-Protect-Detect-Respond-Recover-Govern-Plan-Do-Check-Act · Japan FSA Cybersecurity Risk Management Framework + NIST CSF 2.0 Aligned + FFIEC Crosswalk + Identify Protect Detect Respond Recover Govern + ISO 27001 ISMS + Plan-Do-Check-Act + Inherent vs Residual Risk + Risk Appetite + Cyber Risk in ERM →
UAE Virtual Asset Regulatory Authority (VARA) Regulations1 control

Operate technology and cyber risk management covering platform security, key management, smart contract review, monitoring, vulnerability management and incident response.

VARA-12 · Technology and Cyber Risk →

Questions people ask about smart contract

What is Smart Contract?
Self-executing code stored on a blockchain that automatically enforces the terms of an agreement when predefined conditions are met.
Why is Smart Contract important for compliance?
Smart Contract is a key concept in AI and Technology. Understanding smart contract helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Smart Contract?
Smart Contract appears in the requirement text of ISO 22739:2024 - Blockchain and Distributed Ledger Technologies Vocabulary, EU Data Act, ITU-T X.805 - Security Architecture for End-to-End Communications, Japan FSA Cybersecurity Guidelines for Financial Institutions, UAE Virtual Asset Regulatory Authority (VARA) Regulations. Across these standards we have identified 6 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Smart Contract?
Explore our compliance framework pages to see how smart contract applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.

See how Smart Contract applies across compliance frameworks

Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.

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Written and maintained by Gerard Blokdyk, The Art of Service.