Indonesia: Who Bears Final Responsibility and Liability

Even though there is great uncertainty surrounding Smart Contracts in Indonesia, as per the Indonesian Law, they can be considered to lie under the Electronic Information and Transaction Law since they are legal actions executed by using computer, computer network, or other electronic media. Also, there is currently no specific regulation guaranteeing liabilities and responsibilities of parties in a smart contract.

In the case that blockchain based smart contracts were made legal, it is important to note that as per Indonesian Civil Code, a contract is deemed legal if it meets the following four conditions: -the consent of the parties,

-the legal capacity to enter into an obligation,

-a specific subject matter, and

-a permitted cause.


-Preparing ahead for smart contracts, Jakarta Post

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