Summary 

With the development of blockchain technologies and digital communication systems, there is a growing interest in smart contracts as the most effective tool in this technology. It is through a smart contract that a business can receive the benefits that result from the development of Internet technologies.

The modern stage of international business practically completely depends on the information space. Along with the development of blockchein technologies and digital communications systems, especially increasing  the interest to  smart contract, as  the most effective instrument of this technology. Through smart contract, businesses can get the benefits as a result of the development of digital technologies. The research aims is  to analyze the benefits of its use in the development of  modern world global business.

The successful implementation of the Smart Contract is possible in the field of international trade and intellectual property. Most of the results of intellectual activity are by nature digital, measurable and can be communicated independently by a smart contract. In addition, the most visible and effective space where the smart contract is fully implemented and used is the banking sector.

The success of the Smart Contract and Blockchain Platform and the effectiveness of business relationship management depend to a large extent on the synchronous development of technological and legal progress. The development of technology and the accompanying legislative support will enable the smart contract to be used on a larger scale in the development of international business.