Overview of Smart Contract Adoption in South America: Legal infrastructure, Projects and Initiatives.

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Title: Overview of Smart Contract Adoption in South America: Legal infrastructure, Projects and Initiatives.
Authors: Micheviz, Rafael, Peinado, Jurandir
Source: Brazilian Journal of Management / Revista de Administração da UFSM. Oct-Dec2025, Vol. 18 Issue 4, p1-26. 26p.
Subjects: Illegality, Pilot projects, Government policy
Geographic Terms: South America, Brazil
Abstract (English): Objective: This article aims to analyze the adoption stage of smart contracts in the most representative South American countries, considering legal, institutional, technological aspects and ongoing practical initiatives. Methodology: The study adopts a qualitative approach, based on documentary and bibliographic research. Legislation, court decisions, bills, governmental and business initiatives in seven South American countries were examined. Data collection involved official primary sources and a structured digital survey. Results: The findings show that all analyzed countries legally recognize electronic signatures, providing a favorable environment for implementing smart contracts, even in the absence of specific legislation. Brazil stands out with bills under discussion. Colombia, Peru, and Paraguay present significant pilot initiatives in both public and private sectors. Contributions: The study proposes a comparative analytical model that synthesizes the maturity level of smart contract adoption in South America. By articulating legal, institutional, and technological dimensions, the article contributes to academic debate and provides insights for public policy and regulatory harmonization strategies. [ABSTRACT FROM AUTHOR]
Abstract (Portuguese): Objetivo: Este artigo teve como objetivo analisar o estágio de adoção dos smart contracts (contratos inteligentes) nos países mais representativos da América do Sul, considerando aspectos legais, institucionais, tecnológicos e iniciativas práticas em andamento. Metodologia: A pesquisa é de natureza qualitativa, com abordagem documental e bibliográfica. Foram analisados legislações, decisões judiciais, projetos de lei, iniciativas governamentais e empresariais em sete países sul-americanos. A coleta de dados foi realizada por meio de fontes primárias oficiais e levantamento digital estruturado. Resultados: Os resultados demonstram que todos os países analisados já reconhecem legalmente as assinaturas eletrônicas, o que cria um ambiente favorável à implementação dos smart contracts, mesmo na ausência de legislações específicas. O Brasil destaca-se por possuir projetos de lei em tramitação. Colômbia, Peru e Paraguai apresentam iniciativas experimentais significativas no setor público e privado. Contribuições: O estudo propõe um modelo analítico comparativo que sintetiza o grau de maturidade da adoção dos smart contracts na América do Sul. Ao articular aspectos jurídicos, institucionais e tecnológicos, o artigo contribui para o debate acadêmico e fornece subsídios para formulação de políticas públicas e estratégias de harmonização regulatória. [ABSTRACT FROM AUTHOR]
Copyright of Brazilian Journal of Management / Revista de Administração da UFSM is the property of Brazilian Journal of Management / Revista de Administracao da UFSM and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Psychology and Behavioral Sciences Collection
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PubType: Academic Journal
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Items – Name: Title
  Label: Title
  Group: Ti
  Data: Overview of Smart Contract Adoption in South America: Legal infrastructure, Projects and Initiatives.
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Micheviz%2C+Rafael%22">Micheviz, Rafael</searchLink><br /><searchLink fieldCode="AR" term="%22Peinado%2C+Jurandir%22">Peinado, Jurandir</searchLink>
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  Data: <searchLink fieldCode="JN" term="%22Brazilian+Journal+of+Management+%2F+Revista+de+Administração+da+UFSM%22">Brazilian Journal of Management / Revista de Administração da UFSM</searchLink>. Oct-Dec2025, Vol. 18 Issue 4, p1-26. 26p.
– Name: Subject
  Label: Subjects
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  Data: <searchLink fieldCode="DE" term="%22Illegality%22">Illegality</searchLink><br /><searchLink fieldCode="DE" term="%22Pilot+projects%22">Pilot projects</searchLink><br /><searchLink fieldCode="DE" term="%22Government+policy%22">Government policy</searchLink>
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  Label: Geographic Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22South+America%22">South America</searchLink><br /><searchLink fieldCode="DE" term="%22Brazil%22">Brazil</searchLink>
– Name: Abstract
  Label: Abstract (English)
  Group: Ab
  Data: Objective: This article aims to analyze the adoption stage of smart contracts in the most representative South American countries, considering legal, institutional, technological aspects and ongoing practical initiatives. Methodology: The study adopts a qualitative approach, based on documentary and bibliographic research. Legislation, court decisions, bills, governmental and business initiatives in seven South American countries were examined. Data collection involved official primary sources and a structured digital survey. Results: The findings show that all analyzed countries legally recognize electronic signatures, providing a favorable environment for implementing smart contracts, even in the absence of specific legislation. Brazil stands out with bills under discussion. Colombia, Peru, and Paraguay present significant pilot initiatives in both public and private sectors. Contributions: The study proposes a comparative analytical model that synthesizes the maturity level of smart contract adoption in South America. By articulating legal, institutional, and technological dimensions, the article contributes to academic debate and provides insights for public policy and regulatory harmonization strategies. [ABSTRACT FROM AUTHOR]
– Name: Abstract
  Label: Abstract (Portuguese)
  Group: Ab
  Data: Objetivo: Este artigo teve como objetivo analisar o estágio de adoção dos smart contracts (contratos inteligentes) nos países mais representativos da América do Sul, considerando aspectos legais, institucionais, tecnológicos e iniciativas práticas em andamento. Metodologia: A pesquisa é de natureza qualitativa, com abordagem documental e bibliográfica. Foram analisados legislações, decisões judiciais, projetos de lei, iniciativas governamentais e empresariais em sete países sul-americanos. A coleta de dados foi realizada por meio de fontes primárias oficiais e levantamento digital estruturado. Resultados: Os resultados demonstram que todos os países analisados já reconhecem legalmente as assinaturas eletrônicas, o que cria um ambiente favorável à implementação dos smart contracts, mesmo na ausência de legislações específicas. O Brasil destaca-se por possuir projetos de lei em tramitação. Colômbia, Peru e Paraguai apresentam iniciativas experimentais significativas no setor público e privado. Contribuições: O estudo propõe um modelo analítico comparativo que sintetiza o grau de maturidade da adoção dos smart contracts na América do Sul. Ao articular aspectos jurídicos, institucionais e tecnológicos, o artigo contribui para o debate acadêmico e fornece subsídios para formulação de políticas públicas e estratégias de harmonização regulatória. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
  Group: Ab
  Data: <i>Copyright of Brazilian Journal of Management / Revista de Administração da UFSM is the property of Brazilian Journal of Management / Revista de Administracao da UFSM and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.5902/1983465992155
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      – Code: eng
        Text: English
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      Pagination:
        PageCount: 26
        StartPage: 1
    Subjects:
      – SubjectFull: Illegality
        Type: general
      – SubjectFull: Pilot projects
        Type: general
      – SubjectFull: Government policy
        Type: general
      – SubjectFull: South America
        Type: general
      – SubjectFull: Brazil
        Type: general
    Titles:
      – TitleFull: Overview of Smart Contract Adoption in South America: Legal infrastructure, Projects and Initiatives.
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            NameFull: Micheviz, Rafael
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            NameFull: Peinado, Jurandir
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            – D: 01
              M: 10
              Text: Oct-Dec2025
              Type: published
              Y: 2025
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