Isda 'Create' Marks Important First Step Toward Smart Contracts
WatersTechnology goes inside Isda Create to see how the organization is aiming to bridge the gap between the worlds of paper contracts and legal data.
The International Swaps and Derivatives Association (Isda) says a platform it developed with law firm Linklaters to automate the negotiation of derivatives documents can help firms move towards adoption of smart contracts for over-the-counter derivatives trades.
The companies launched Isda Create last year to allow market participants to modify standard documentation and distribute it to counterparties. The platform enables the capture of structured legal data and was developed by Linklaters’
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