Verifiable Smart Contract

noun
/,veɪ.rɪ'faɪ.ə.bəl smaʊt 'kɑn.trækt/

Definition:

1. A smart contract that includes vLEI-derived cryptographically verifiable information about the legal entity(ies) responsible for its creation or issuance, and audit thereof where relevant, enabling automated regulatory compliance, enhanced fraud prevention, and compromise recovery and prevention mechanisms.

Usage:

"Regulated institutions are increasingly requiring verifiable smart contracts to meet legal and compliance standards."

First Use:

Coined in "vLEI on-chain: Verifiable Smart Contracts (2025)" by the Global Legal Entity Identifier Foundation (GLEIF), Key State Capital, and the Cardano Foundation to describe a new class of identity-bound, compliance-ready, secure smart contracts.

See also:

legal entity identifier, legal entity identifier, provenance, decentralized identity, KERI, vLEI
📄 Download the Report vLEI on-chain: Verifiable Smart Contracts (2025)
The path to verifiable smart contracts: A 2-phase Evolution showing Smart Contract Provenance Attribution (2025/26) and On-Chain Verification & Recovery (2026/27)