{"id":40506,"date":"2023-08-25T08:25:35","date_gmt":"2023-08-25T08:25:35","guid":{"rendered":"https:\/\/metachannelcorp.com\/en\/perspectives\/smart-contracts-impact-according-to-moodys-2\/"},"modified":"2023-08-25T08:25:35","modified_gmt":"2023-08-25T08:25:35","slug":"smart-contracts-impact-according-to-moodys","status":"publish","type":"post","link":"https:\/\/metachannelcorp.com\/ar\/perspectives\/smart-contracts-impact-according-to-moodys\/","title":{"rendered":"Smart contracts and their impact, according to Moody\u2019s"},"content":{"rendered":"<div>\n<div><strong><a href=\"https:\/\/ceadigilaw.org\/en\/members\/antonio-tejeda-encinas\/\" target=\"_blank\" rel=\"noopener\">Antonio Tejeda Encinas<\/a><\/strong>, CEO Europe, <strong><a href=\"\/ar\/\">Meta Channel Corp<\/a><\/strong><\/div>\n<div><\/div>\n<\/div>\n<div>\n<div>\nMoody\u2019s, the world\u2019s leading credit rating agency, has published a report examining the opportunities and challenges posed by smart contracts, which are considered essential to the adoption of blockchain technology.<\/div>\n<div><\/div>\n<\/div>\n<div>\n<div>\nMoody\u2019s points out that smart contracts have the potential to reduce risk, increase productivity, cut costs, embed compliance rules and bring transparency to complex digital agreements.<\/div>\n<\/div>\n<div>\n<div>\nThese contracts also enable precise transactions, unsecured refinancing, fast and secure settlement, the scheduling of actions, the securing of transactions and automatic execution triggered by external events. However, Moody\u2019s notes that widespread adoption will require stronger cybersecurity, legal frameworks and technology standards that inspire trust and prevent vulnerabilities.<\/div>\n<div><\/div>\n<\/div>\n<div>\n<div>\nMoody\u2019s suggests that, if smart contracts are adopted on a large scale, they could revolutionise the financial sector and move it towards a more automated and efficient model. To achieve this, however, it is crucial to develop regulations that mitigate risks, promote interoperability and give users legal and technological certainty.<\/div>\n<div><\/div>\n<\/div>\n<div>\n<div>\nIn short, smart contracts are a disruptive tool that could transform the way business is done in finance, as decentralised finance (DeFi) platforms show. These platforms illustrate the advantages and potential of smart contracts in financial transactions.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Antonio Tejeda Encinas, CEO Europe, Meta Channel Corp Moody\u2019s, the world\u2019s leading credit rating agency, has published a report examining the opportunities and challenges posed by smart contracts, which are considered essential to the adoption of blockchain technology. Moody\u2019s points out that smart contracts have the potential to reduce risk, increase productivity, cut costs, embed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":40587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":0,"footnotes":""},"categories":[4389,4382],"tags":[],"class_list":["post-40506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-analysis-ar","category-blockchain-and-web3-finance-ar"],"_links":{"self":[{"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/posts\/40506","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/comments?post=40506"}],"version-history":[{"count":0,"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/posts\/40506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/media\/40587"}],"wp:attachment":[{"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/media?parent=40506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/categories?post=40506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metachannelcorp.com\/ar\/wp-json\/wp\/v2\/tags?post=40506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}