Arizona Digital Signature Ordinance - Signaturverordnung - SigV
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Uniform Electronic Transactions Act (UETA): A body of recommended legislation drafted in 1999 by the National Conference of Commissioners on Uniform State Laws (NCCUSL) for adoption by state legislatures. UETA allows electronic documents and digital signatures to stand as equals with their paper counterparts.
The Arizona law, for example, defines the term smart contract as ?an event-driven program, with state, that runs on a distributed, decentralized, shared and replicated ledger and that can take custody over and instruct transfer of assets on that ledger.?5 The law explains that a signature or contract ?that is secured ...
The Uniform Electronic Transactions Act (UETA) establishes the legal equivalence of electronic records and signatures with paper writings and manually-signed signatures, removing barriers to electronic commerce.
An electronic signature shall be unique to the person using it, shall be capable of reliable verification and shall be linked to a record in a manner so that if the record is changed the electronic signature is invalidated.
Meaning of electronic transaction in English an act of buying or selling something or sending money electronically, especially over the internet: Many businesses and consumers are unclear about how consumer protection laws can be enforced when electronic transactions take place across borders.