The need to use blockchain technologies in the activities of depository institutions to reduce the impact of threats to the economic security of joint stock companies and itsshareholdersin Ukraine

Abstract

In today's financial relations in the securities market, more and more companies seek to use blockchain technology to reduce risks and threats to their activities. The purpose of the article is to study the peculiarities of the depository system of Ukraine and to establish the possibilities of using blockchain technologies to minimize threats to the economic security of joint stock companies and their shareholders. In the course of the research, methods of analysis and synthesis were used to study the legal provision of depository services in Ukraine. The historical method and the method of comparative analysis were used to analyze the activities of depository institutions. To determine the threats that directly or indirectly affect the economic security of joint stock companies and the welfare of their shareholders, in cooperation with depository institutions, the method of generalization was used. The main results of the study are: studying the impact of depository institutions on the economic security of joint stock companies and their shareholders; systematization of the main violations of the current legislation on the circulation of securities and maintenance of registers of their owners, as well as the establishment of negative consequences of violations of the law by registrars, which may affect the economic security of the company. The implementation of blockchain technologies in the activities of depository institutions will help reduce the impact of threats to the economic security of joint stock companies and their shareholders