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

Quarterly Journal of Securities Exchange

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

Document Type : Original Article

Authors
Mahdi Madadi 1
Ghasem shafiei 2
1 M.Sc. Student, Department of Private Law, Kashan University, Kashan, Iran
2 Assistant Professor, Department of Law, Kashan University, Kashan, Iran
10.22034/jse.2020.11222.1440
Abstract
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
Keywords
Blockchain
Capital Market law
Smart Contract
E-Government fintech

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Quarterly Journal of Securities Exchange
Volume 14, Issue 56
Spring 2022
Pages 197-224