New Capital Market in the Light of Sixth Development Plan Law (Functionality of blockchain technology in the capital market)

The use of advanced information and communication technologies to change the structure of organizations and better information and services presentation in recent years has attracted the attention of many organizations and governments and legislators around the world. An example of the remarks made...

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Main Authors: Mahdi Madadi, Ghasem shafiei
Format: Article
Language:fas
Published: Securities Exchange 2022-02-01
Series:فصلنامه بورس اوراق بهادار
Subjects:
Online Access:https://journal.seo.ir/article_11244_73236eeae920665a7caa034c7e30a6c3.pdf
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author Mahdi Madadi
Ghasem shafiei
author_facet Mahdi Madadi
Ghasem shafiei
author_sort Mahdi Madadi
collection DOAJ
description The use of advanced information and communication technologies to change the structure of organizations and better information and services presentation in recent years has attracted the attention of many organizations and governments and legislators around the world. An example of the remarks made by the domestic legislator of paragraph (ch) of Article 68 of the Sixth Five-Year Development Plan Law on the Capital Market which has been granted the electrical licensing for some of the processes related to the registered companies in the Stock Exchange. "Blockchain Technology" with the features of "decentralization" and "information immutability", technologies that has the potential to be used in activities such as "comprehensive authentication and validation", "holding electronic assemblies" and "securities clearing” and despite the challenges and some concerns, it can bring "transparency", "guaranteeing the rights of small shareholders", "financial democratization" and "reducing costs and decommissioning" for the capital market.Keywords: Blockchain, Technology Law, Capital Market, Smart Contracts, E-Government
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spelling doaj.art-9b362e129785403092fe95d05a6d42ec2022-12-22T02:28:40ZfasSecurities Exchangeفصلنامه بورس اوراق بهادار2228-54312820-98932022-02-01145619722410.22034/jse.2020.11222.144011244New Capital Market in the Light of Sixth Development Plan Law (Functionality of blockchain technology in the capital market)Mahdi Madadi0Ghasem shafiei1M.Sc. Student, Department of Private Law, Kashan University, Kashan, IranAssistant Professor, Department of Law, Kashan University, Kashan, IranThe use of advanced information and communication technologies to change the structure of organizations and better information and services presentation in recent years has attracted the attention of many organizations and governments and legislators around the world. An example of the remarks made by the domestic legislator of paragraph (ch) of Article 68 of the Sixth Five-Year Development Plan Law on the Capital Market which has been granted the electrical licensing for some of the processes related to the registered companies in the Stock Exchange. "Blockchain Technology" with the features of "decentralization" and "information immutability", technologies that has the potential to be used in activities such as "comprehensive authentication and validation", "holding electronic assemblies" and "securities clearing” and despite the challenges and some concerns, it can bring "transparency", "guaranteeing the rights of small shareholders", "financial democratization" and "reducing costs and decommissioning" for the capital market.Keywords: Blockchain, Technology Law, Capital Market, Smart Contracts, E-Governmenthttps://journal.seo.ir/article_11244_73236eeae920665a7caa034c7e30a6c3.pdfblockchaincapital market lawsmart contracte-government fintech
spellingShingle Mahdi Madadi
Ghasem shafiei
New Capital Market in the Light of Sixth Development Plan Law (Functionality of blockchain technology in the capital market)
فصلنامه بورس اوراق بهادار
blockchain
capital market law
smart contract
e-government fintech
title New Capital Market in the Light of Sixth Development Plan Law (Functionality of blockchain technology in the capital market)
title_full New Capital Market in the Light of Sixth Development Plan Law (Functionality of blockchain technology in the capital market)
title_fullStr New Capital Market in the Light of Sixth Development Plan Law (Functionality of blockchain technology in the capital market)
title_full_unstemmed New Capital Market in the Light of Sixth Development Plan Law (Functionality of blockchain technology in the capital market)
title_short New Capital Market in the Light of Sixth Development Plan Law (Functionality of blockchain technology in the capital market)
title_sort new capital market in the light of sixth development plan law functionality of blockchain technology in the capital market
topic blockchain
capital market law
smart contract
e-government fintech
url https://journal.seo.ir/article_11244_73236eeae920665a7caa034c7e30a6c3.pdf
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AT ghasemshafiei newcapitalmarketinthelightofsixthdevelopmentplanlawfunctionalityofblockchaintechnologyinthecapitalmarket