English

Towards a Contract Service Provider Model for Virtual Assets and VASPs

Cryptography and Security 2020-12-08 v2

Abstract

We introduce the contract service provider (CSP) model as an analog of the successful Internet ISP model. Our exploration is motivated by the need to seek alternative blockchain service-fee models that departs from the token-for-operations (gas fee) model for smart contracts found on many popular blockchain platforms today. A given CSP community consisting of multiple CSP business entities (VASPs) form a contract domain which implement well-defined contract primitives, policies and contract-ledger. The nodes of the members of CSP community form the blockchain network. We discuss a number of design principles borrowed from the design principles of the Internet Architecture, and we discuss the interoperability of cross-domain (cross-chain) transfers of virtual assets in the context of contract domains.

Keywords

Cite

@article{arxiv.2009.07413,
  title  = {Towards a Contract Service Provider Model for Virtual Assets and VASPs},
  author = {Thomas Hardjono and Alexander Lipton and Alex Pentland},
  journal= {arXiv preprint arXiv:2009.07413},
  year   = {2020}
}

Comments

33 pages, 8 figures

R2 v1 2026-06-23T18:34:25.871Z