Analysis of the Perception of Managers of Small and Medium-Sized Enterprises on the Advantages and Disadvantages of Electronic Business Contracts and Smart Contracts

In the modern environment of information and communication technologies, the basic mechanisms of business and exchange of goods are based on electronic business and electronic business transactions. It is precisely with the development of new technologies that a new modern form of business opens as an alternative to traditional transactions: contracts in electronic form and smart contracts. Small and medium-sized companies in Croatia have found themselves at a turning point in the modern business environment and the transition from traditional contracts to electronic and smart contracts. Special attention is paid to the analysis of the relationship between smart contracts and existing legal standards, as well as to the question of which law is applicable to this type of contract. Therefore, in this paper, an analysis of the perception of managers of small and medium-sized Croatian companies about electronic and smart contracts, as well as their application in contractual business relations, was made through empirical research.