Quantum-Ledger Trust Protocol (QLTP): A Next-Generation Legal Framework for Cross-Border Digital Contracts

Abstract

The issues that have been highlighted regarding cross-border digital contracts are the same as the ones we have for cross-border digital contracts; namely jurisdictional conflicts, legal noncompliance, security vulnerabilities, and high enforcement costs. In light of the present, existing mechanisms of contract enforcement, intermediaries have become a cornerstone of this process, and therefore inefficient, delayed, and even fraudulent. Additionally, threats to quantum computing are developing that impact present cryptographic methods, and if digital agreements are to be approved, their integrity needs to be compromised.

To create immutable self-executing cross-border contracts in a quantum immune next-generation framework of blockchain technology, this research presents the Quantum Ledger Trust Protocol (QLTP). The one that we developed, QLTP, takes care to use quantum-safe cryptography, decentralized identity (DID) verification, and AI smart contract auditing while ensuring compliance with the jurisdictional law of the land like the Indian Contract Act of 1872, IT Act of 2000 and DPDP Act of 2023 among others. It also includes an automated dispute resolution on the blockchain without legal intermediaries which facilitates conflict resolution faster.

This solution would not only heighten trust, security, and transparency in international agreements but also it would decrease legal costs and enforcement time by at least a factor of 1 million. With QLTP, digital contracts in the digital contract ecosystem are guaranteed to follow a range of legal systems and have been protected from future quantum threats. It stands as a major element in promoting the growth of the world’s industries, governments, and people by providing the easiest, safe, and properly registered cross-border dealings which ultimately leads the overall global digital economy to be even more effective and credulous.