Digital Contracts: A Sustainable and Secure Solution for Modern Businesses -A Case Study of E-Geree.mn in Mongolia

This research paper examines the transition from traditional paper-based contracts to digital contracts, focusing on the benefits and downsides of this shift. The paper leverages the case study of E-Geree.mn, a blockchain-based digital contract management solution developed in Mongolia, to showcase the practical application of these benefits. The study analyzes the impact on environmental sustainability, operational efficiency, security, and legal compliance within the Mongolian context. Key findings highlight significant reductions in carbon footprints (Upadhyay, 2020), improved efficiency with multi-party digital signatures (Akoum et al., 2018), enhanced security through tamper-proof storage (Zheng et al., 2018), and potential challenges related to digital adoption and regulatory frameworks.