Smart contracts face cleared world challenge, R3 Summit hears

Follow-on contracting not legally enforceable in some jurisdictions

Chain reaction: some say blockchain does not belong in the cleared derivatives world

Smart contracts used in distributed ledger technology (DLT) are not currently viable in the cleared derivatives world, while legal barriers exist in some jurisdictions to their use, industry participants heard at the Second R3 Smart Contract Templates Summit in London on November 16.

In the bilateral derivatives space, in concert with the R3 consortium, the International Swaps and Derivatives Association has looked at existing legal documentation to work out how it can be converted into smart

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: