Smart contracts for the digital economy

Manan Shah and Rajbir Samra
Additional contact information
Manan Shah: PricewaterhouseCoopers, USA
Rajbir Samra: Manager of Banking and Capital Markets, Financial Services Advisory, USA

Journal of Securities Operations & Custody, 2019, vol. 12, issue 1, 82-87

Abstract: Smart contract technology is increasingly being seen as a way for the derivatives industry to realise operational efficiencies and cut costs. With this new technology potentially transforming how derivatives are executed and managed through the entire life cycle, it seems the derivatives market is on the cusp of significant modernisation. But this technology is at the relatively early stage of development, and there is still a lack of agreement on what a smart contract is, what role it can play in the derivatives market and how it might interact with existing legal standards and documentation. This paper analyses whether a smart contract could ultimately replace an existing legal contract in its entirety, or whether it will only automate the execution of certain actions specified within the contract?

Keywords: smart contracts; contract digitisation; financial market utilities; collateral management; automation (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/5311/download/ (application/pdf)
https://hstalks.com/article/5311/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2019:v:12:i:1:p:82-87

Access Statistics for this article

More articles in Journal of Securities Operations & Custody from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().