Smart Contracts in Belarus: How It Works (Practical and Legal Approaches)

Publications, 04 June 2025
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What is a smart contract from a lawyer’s point of view? Are they recognized in Belarus? What are the risks and how to reduce them?

We do analyze everything – from AXA and Walmart to Decree No. 8 and the position of the National Bank of Belarus.

Real-life use cases of smart contracts:

  • AXA insurance company uses Ethereum-based smart contracts to automatically pay compensation when flights are delayed for more than 2 hours;
  • Walmart uses smart contracts in the Food Trust project to check the storage conditions and supply chain of food products;
  • Music platforms such as Ujo Music use smart contracts to automatically distribute payments between musicians and copyright holders.

For more information – read the article by Matsvei Haradnik for MYFIN.BY.