{"id":40271,"date":"2023-10-06T14:11:03","date_gmt":"2023-10-06T14:11:03","guid":{"rendered":""},"modified":"2023-10-06T14:11:03","modified_gmt":"2023-10-06T14:11:03","slug":"financing-based-on-blockchain-technology","status":"publish","type":"post","link":"https:\/\/metachannelcorp.com\/ar\/perspectives\/financing-based-on-blockchain-technology\/","title":{"rendered":"\u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0642\u0627\u0626\u0645 \u0639\u0644\u0649 \u062a\u0642\u0646\u064a\u0629 \u0633\u0644\u0633\u0644\u0629 \u0627\u0644\u0643\u062a\u0644 (BLOCKCHAIN)"},"content":{"rendered":"<div class=\"xdj266r x11i5rnm xat24cr x1mh8g0r x1vvkbs x126k92a\">\n<div dir=\"auto\"><span ><strong><a  href=\"https:\/\/ceadigilaw.org\/staff\/antonio-tejeda-encinas-2\/\" target=\"_blank\" rel=\"noopener\">Antonio Tejeda Encinas<\/a><\/strong>\u060c \u0631\u0626\u064a\u0633 Comit\u00e9 Euro Americano Digital Law<\/span><\/div>\n<\/div>\n<div class=\"x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\"><span ><br \/>\n\u064a\u0641\u062a\u062d \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0642\u0627\u0626\u0645 \u0639\u0644\u0649 \u062a\u0642\u0646\u064a\u0629 \u0633\u0644\u0633\u0644\u0629 \u0627\u0644\u0643\u062a\u0644 (blockchain) \u0623\u0641\u0642\u064b\u0627 \u0645\u0646 \u0627\u0644\u0641\u0631\u0635 \u0627\u0644\u0645\u0628\u062a\u0643\u0631\u0629 \u0644\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0648\u0625\u0646\u0634\u0627\u0621 \u062e\u062f\u0645\u0627\u062a \u0645\u0627\u0644\u064a\u0629 \u0631\u0627\u0626\u062f\u0629.<\/span><\/div>\n<\/div>\n<div class=\"x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\"><span ><br \/>\n\u0648\u0641\u064a \u0647\u0630\u0627 \u0627\u0644\u0645\u062c\u0627\u0644\u060c \u064a\u0628\u0631\u0632 \u0637\u0631\u0641\u0627\u0646 \u0631\u0626\u064a\u0633\u064a\u0627\u0646: \u0639\u0631\u0648\u0636 \u0627\u0644\u0631\u0645\u0648\u0632 \u0627\u0644\u0623\u0645\u0646\u064a\u0629 (STO) \u0648\u0628\u0631\u0648\u062a\u0648\u0643\u0648\u0644\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a (DeFi).<\/span><\/div>\n<\/div>\n<div class=\"x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\"><span ><br \/>\n\u0648\u0631\u063a\u0645 \u0627\u0634\u062a\u0631\u0627\u0643 \u0647\u0630\u064a\u0646 \u0627\u0644\u0646\u0647\u062c\u064a\u0646 \u0641\u064a \u0627\u0644\u0623\u0633\u0627\u0633 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a \u0630\u0627\u062a\u0647 \u0627\u0644\u0642\u0627\u0626\u0645 \u0639\u0644\u0649 \u0633\u0644\u0633\u0644\u0629 \u0627\u0644\u0643\u062a\u0644\u060c \u0641\u0625\u0646\u0647\u0645\u0627 \u064a\u062e\u062a\u0644\u0641\u0627\u0646 \u0627\u062e\u062a\u0644\u0627\u0641\u064b\u0627 \u0645\u0644\u062d\u0648\u0638\u064b\u0627 \u0641\u064a \u0622\u0644\u064a\u0627\u062a \u0639\u0645\u0644\u0647\u0645\u0627\u060c \u0648\u0627\u0644\u062a\u0646\u0638\u064a\u0645\u0627\u062a \u0627\u0644\u0645\u0646\u0637\u0628\u0642\u0629 \u0639\u0644\u064a\u0647\u0645\u0627\u060c \u0648\u0627\u0644\u0639\u0642\u0628\u0627\u062a \u0627\u0644\u062a\u064a \u064a\u062a\u0639\u064a\u0646 \u062a\u062c\u0627\u0648\u0632\u0647\u0627\u060c \u0648\u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u0644\u0627\u0632\u0645\u0629 \u0644\u0647\u0645\u0627.<\/span><\/div>\n<\/div>\n<div class=\"x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\"><span ><br \/>\n\u062a\u062a\u064a\u062d \u0639\u0631\u0648\u0636 STO \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0625\u0635\u062f\u0627\u0631 \u0631\u0645\u0648\u0632 \u0623\u0645\u0646\u064a\u0629 \u0645\u062f\u0639\u0648\u0645\u0629 \u0628\u0623\u0635\u0648\u0644 \u0645\u0627\u0644\u064a\u0629\u060c \u0645\u062b\u0644 \u0627\u0644\u0623\u0633\u0647\u0645 \u0623\u0648 \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0623\u0648 \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a. \u0648\u062a\u064a\u0633\u0651\u0631 \u0647\u0630\u0647 \u0627\u0644\u0622\u0644\u064a\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a \u062d\u0635\u0635 \u0645\u0646 \u0645\u0628\u0627\u0646\u064d \u0628\u0627\u0631\u0632\u0629 \u0623\u0648 \u0641\u064a \u062d\u0635\u0635 \u0645\u0646 \u0634\u0631\u0643\u0627\u062a \u0648\u0627\u0639\u062f\u0629\u060c \u0645\u0646 \u062e\u0644\u0627\u0644 \u0631\u0645\u0648\u0632 \u0631\u0642\u0645\u064a\u0629. \u0648\u062a\u0628\u062f\u0623 \u0639\u0645\u0644\u064a\u0629 \u0625\u0637\u0644\u0627\u0642 \u0639\u0631\u0636 STO \u0628\u0625\u0635\u062f\u0627\u0631 \u0647\u0630\u0647 \u0627\u0644\u0631\u0645\u0648\u0632 \u0627\u0644\u0623\u0645\u0646\u064a\u0629\u060c \u0627\u0644\u062a\u064a \u064a\u0645\u0643\u0646 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0642\u062a\u0646\u0627\u0624\u0647\u0627 \u0646\u0642\u062f\u064b\u0627 \u0623\u0648 \u0628\u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0651\u0631\u0629. \u0648\u0627\u0644\u0644\u0627\u0641\u062a \u0623\u0646 \u062c\u0645\u064a\u0639 \u0627\u0644\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0647\u0630\u0647 \u0627\u0644\u0631\u0645\u0648\u0632 \u062a\u064f\u0633\u062c\u064e\u0651\u0644 \u0648\u062a\u064f\u0646\u0641\u064e\u0651\u0630 \u0639\u0644\u0649 \u0633\u0644\u0633\u0644\u0629 \u0643\u062a\u0644\u060c \u0645\u0627 \u064a\u062a\u064a\u062d \u0645\u0633\u062a\u0648\u0649 \u0645\u0646 \u0627\u0644\u0634\u0641\u0627\u0641\u064a\u0629 \u0648\u0625\u0645\u0643\u0627\u0646\u064a\u0629 \u0627\u0644\u062a\u062a\u0628\u0639 \u0641\u064a \u0643\u0644 \u0645\u0631\u062d\u0644\u0629. \u063a\u064a\u0631 \u0623\u0646\u0647 \u0645\u0646 \u0627\u0644\u0645\u0647\u0645 \u0645\u0631\u0627\u0639\u0627\u0629 \u0623\u0646 \u0625\u062c\u0631\u0627\u0621 \u0639\u0631\u0636 STO \u064a\u0633\u062a\u0644\u0632\u0645 \u0627\u0644\u0627\u0645\u062a\u062b\u0627\u0644 \u0644\u0644\u062a\u0646\u0638\u064a\u0645\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0633\u0627\u0631\u064a\u0629.<\/span><\/div>\n<\/div>\n<div class=\"x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\"><span ><br \/>\n\u0648\u0645\u0646 \u062c\u0647\u0629 \u0623\u062e\u0631\u0649\u060c \u062a\u0639\u0645\u0644 \u0628\u0631\u0648\u062a\u0648\u0643\u0648\u0644\u0627\u062a DeFi \u0641\u064a \u0628\u064a\u0626\u0629 \u0644\u0627\u0645\u0631\u0643\u0632\u064a\u0629 \u0628\u0627\u0644\u0643\u0627\u0645\u0644 \u0648\u062f\u0648\u0646 \u0648\u0633\u0637\u0627\u0621\u060c \u0641\u062a\u0645\u062b\u0644 \u0628\u0630\u0644\u0643 \u0628\u062f\u064a\u0644\u064b\u0627 \u0644\u0639\u0631\u0648\u0636 STO. \u0648\u062a\u0633\u062a\u062e\u062f\u0645 \u0647\u0630\u0647 \u0627\u0644\u0628\u0631\u0648\u062a\u0648\u0643\u0648\u0644\u0627\u062a \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0630\u0643\u064a\u0629 \u0639\u0644\u0649 \u0633\u0644\u0633\u0644\u0629 \u0627\u0644\u0643\u062a\u0644 \u0644\u0623\u062a\u0645\u062a\u0629 \u0637\u0627\u0626\u0641\u0629 \u0648\u0627\u0633\u0639\u0629 \u0645\u0646 \u0627\u0644\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0628\u0645\u0627 \u0641\u064a \u0630\u0644\u0643 \u0627\u0644\u0642\u0631\u0648\u0636 \u0648\u0639\u0645\u0644\u064a\u0627\u062a \u0627\u0644\u0645\u0628\u0627\u062f\u0644\u0629 \u0648\u062a\u0648\u0644\u064a\u062f \u0627\u0644\u062f\u062e\u0644 \u0627\u0644\u0633\u0644\u0628\u064a. \u0648\u062a\u062a\u0645\u062b\u0644 \u0627\u0644\u0633\u0645\u0629 \u0627\u0644\u0645\u0645\u064a\u0632\u0629 \u0644\u0628\u0631\u0648\u062a\u0648\u0643\u0648\u0644\u0627\u062a DeFi \u0641\u064a \u0646\u0647\u062c\u0647\u0627 \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a\u061b \u0625\u0630 \u064a\u062a\u0641\u0627\u0639\u0644 \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645\u0648\u0646 \u0645\u0628\u0627\u0634\u0631\u0629 \u0645\u0639 \u0627\u0644\u0639\u0642\u0648\u062f \u0627\u0644\u0630\u0643\u064a\u0629 \u0639\u0628\u0631 \u0645\u062d\u0627\u0641\u0638\u0647\u0645 \u0627\u0644\u0631\u0642\u0645\u064a\u0629\u060c \u0645\u0627 \u064a\u0645\u0646\u062d\u0647\u0645 \u0625\u0645\u0643\u0627\u0646\u064a\u0629 \u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u062f\u0648\u0646 \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0639\u0644\u0649 \u0627\u0644\u0648\u0633\u0637\u0627\u0621 \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u064a\u0646 \u0645\u062b\u0644 \u0627\u0644\u0628\u0646\u0648\u0643 \u0623\u0648 \u0627\u0644\u0648\u0633\u0637\u0627\u0621 \u0627\u0644\u0645\u0627\u0644\u064a\u064a\u0646. \u0648\u0639\u0644\u0649 \u062e\u0644\u0627\u0641 \u0639\u0631\u0648\u0636 STO\u060c \u0644\u0627 \u062a\u062e\u0636\u0639 \u0628\u0631\u0648\u062a\u0648\u0643\u0648\u0644\u0627\u062a DeFi \u0641\u064a \u0645\u0639\u0638\u0645\u0647\u0627 \u0644\u0644\u062a\u0646\u0638\u064a\u0645\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0642\u0627\u0626\u0645\u0629.<\/span><\/div>\n<\/div>\n<div class=\"x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\"><span ><br \/>\n\u0648\u062a\u062c\u062f\u0631 \u0627\u0644\u0625\u0634\u0627\u0631\u0629 \u0625\u0644\u0649 \u0623\u0646 \u0645\u062c\u062a\u0645\u0639 DeFi \u0642\u062f \u0627\u0639\u062a\u0645\u062f \u062a\u062f\u0627\u0628\u064a\u0631 \u0644\u0644\u062a\u062e\u0641\u064a\u0641 \u0645\u0646 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u0642\u0646\u064a\u0629 \u0648\u0627\u0644\u0623\u0645\u0646\u064a\u0629 \u0627\u0644\u0645\u0644\u0627\u0632\u0645\u0629\u060c \u0645\u0646\u0647\u0627 \u0639\u0645\u0644\u064a\u0627\u062a \u062a\u062f\u0642\u064a\u0642 \u0623\u0645\u0646\u064a \u064a\u062c\u0631\u064a\u0647\u0627 \u062e\u0628\u0631\u0627\u0621\u060c \u0648\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0623\u0648\u0631\u0627\u0643\u0644 (oracles) \u0645\u0648\u062b\u0648\u0642\u0629 \u0644\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0627\u0644\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u062e\u0627\u0631\u062c\u064a\u0629\u060c \u0648\u0627\u0639\u062a\u0645\u0627\u062f \u0623\u0641\u0636\u0644 \u0627\u0644\u0645\u0645\u0627\u0631\u0633\u0627\u062a \u0641\u064a \u0645\u062c\u0627\u0644 \u0627\u0644\u0623\u0645\u0646 \u0627\u0644\u0633\u064a\u0628\u0631\u0627\u0646\u064a\u060c \u0648\u0630\u0644\u0643 \u0643\u0644\u0647 \u0628\u0647\u062f\u0641 \u062d\u0645\u0627\u064a\u0629 \u0623\u0635\u0648\u0644 \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645\u064a\u0646 \u0648\u0628\u064a\u0627\u0646\u0627\u062a\u0647\u0645\u060c \u0643\u0645\u0627 \u064a\u0624\u0643\u062f Sede Blockchain.<\/span><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Antonio Tejeda Encinas\u060c \u0631\u0626\u064a\u0633 Comit\u00e9 Euro Americano Digital Law \u064a\u0641\u062a\u062d \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0642\u0627\u0626\u0645 \u0639\u0644\u0649 \u062a\u0642\u0646\u064a\u0629 \u0633\u0644\u0633\u0644\u0629 \u0627\u0644\u0643\u062a\u0644 (blockchain) \u0623\u0641\u0642\u064b\u0627 \u0645\u0646 \u0627\u0644\u0641\u0631\u0635 \u0627\u0644\u0645\u0628\u062a\u0643\u0631\u0629 \u0644\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0648\u0625\u0646\u0634\u0627\u0621 \u062e\u062f\u0645\u0627\u062a \u0645\u0627\u0644\u064a\u0629 \u0631\u0627\u0626\u062f\u0629. \u0648\u0641\u064a \u0647\u0630\u0627 \u0627\u0644\u0645\u062c\u0627\u0644\u060c \u064a\u0628\u0631\u0632 \u0637\u0631\u0641\u0627\u0646 \u0631\u0626\u064a\u0633\u064a\u0627\u0646: \u0639\u0631\u0648\u0636 \u0627\u0644\u0631\u0645\u0648\u0632 \u0627\u0644\u0623\u0645\u0646\u064a\u0629 (STO) \u0648\u0628\u0631\u0648\u062a\u0648\u0643\u0648\u0644\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0644\u0627\u0645\u0631\u0643\u0632\u064a (DeFi). \u0648\u0631\u063a\u0645 \u0627\u0634\u062a\u0631\u0627\u0643 \u0647\u0630\u064a\u0646 \u0627\u0644\u0646\u0647\u062c\u064a\u0646 \u0641\u064a \u0627\u0644\u0623\u0633\u0627\u0633 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a \u0630\u0627\u062a\u0647 \u0627\u0644\u0642\u0627\u0626\u0645 \u0639\u0644\u0649 \u0633\u0644\u0633\u0644\u0629 \u0627\u0644\u0643\u062a\u0644\u060c \u0641\u0625\u0646\u0647\u0645\u0627 [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":32761,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4382],"tags":[4400,4413],"class_list":["post-40271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-and-web3-finance-ar","tag-blockchain-ar","tag-law-practice-and-technology-ar"],"_links":{"self":[{"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/posts\/40271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/comments?post=40271"}],"version-history":[{"count":0,"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/posts\/40271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/media\/32761"}],"wp:attachment":[{"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/media?parent=40271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/categories?post=40271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/tags?post=40271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}