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Portugal is a pioneer in the scientific development of Smart Contracts in International Trade

26-10-2023

From left to right: António Neto Alves - TNC, Jorge Calado - Score, Pedro Matos Silva -TNC, Pedro Silva Caldeira -NOVA FCT, Pedro Sousa - TNC.

Researchers from UNIDEMI at NOVA FCT are leading scientific research into Smart Contracts in International Trade.

Smart contracts are digital contracts developed using blockchain technology that seek to speed up the execution of contract terms by simplifying the administrative burden, minimising human intervention and mitigating risks in an efficient and transparent manner.

This scientific project is led by Pedro Silva Caldeira and Aneesh Zutshi, professors and researchers at NOVA FCT's Department of Mechanical and Industrial Engineering, and has the participation of The Navigator Company and the sponsorship of SCORE.

"This is an excellent example of the development of innovative solutions through the creation of mixed project teams with the participation of the scientific community, companies and sponsors", the professors explain."We hope that this work will inspire academia to get closer to industry, and that it can continue to be replicated in a greater number of projects developed at NOVA FCT", they add.