Related papers: A blockchain-based pattern for confidential and ps…
In this paper we discuss how conventional business contracts can be converted into smart contracts---their electronic equivalents that can be used to systematically monitor and enforce contractual rights, obligations and prohibitions at run…
Blockchains provide environments where parties can interact transparently and securely peer-to-peer without needing a trusted third party. Parties can trust the integrity and correctness of transactions and the verifiable execution of…
Blockchain technology enables the execution of collaborative business processes involving untrusted parties without requiring a central authority. Specifically, a process model comprising tasks performed by multiple parties can be…
The development of blockchain technologies has enabled the trustless execution of so-called smart contracts, i.e. programs that regulate the exchange of assets (e.g., cryptocurrency) between users. In a decentralized blockchain, the state…
This chapter contributes to evolving the versatility and complexity of blockchain-enabled services through extending the functionality of blockchain-enforced smart contracts. The contributions include: (i) a method for automated management…
Traceability and auditability are key structures that are vital in supply chain management and construction. However, trust is the most important aspect of customers in these systems. Also, we have to rely on third parties to trade in…
Smart contracts are blockchain-based algorithms that execute when specific criteria are satisfied. They are often used to automate the implementation of an agreement so that all parties may be confident of the conclusion right away, without…
Infrastructure maintenance is inherently complex, especially for widely dispersed transport systems like roads and railroads. Maintaining this infrastructure involves multiple partners working together to ensure safe, efficient upkeep that…
Many studies have been done to improve the performance of centrally controlled business processes and enhance the integration between different parties of these collaborations. However, the most serious issues of collaborative business…
The Bitcoin white paper introduced blockchain technology, enabling trustful transactions without intermediaries. Smart contracts emerged with Ethereum and blockchains expanded beyond cryptocurrency, applying to auctions, crowdfunding and…
Blockchain-driven technologies are considered disruptive because of the availability of dis-intermediated, censorship-resistant and tamper-proof digital platforms of distributed trust. Among these technologies, smart contract platforms have…
The problem of a single point of failure in centralized systems poses a great challenge to the stability of such systems. Meanwhile, the tamperability of data within centralized systems makes users reluctant to trust and use centralized…
Business process collaboration between independent parties can be challenging, especially if the participants do not have complete trust in each other. Tracking actions and enforcing the activity authorizations of participants via…
In recent years, as blockchain adoption has been expanding across a wide range of domains, e.g., digital asset, supply chain finance, etc., the confidentiality of smart contracts is now a fundamental demand for practical applications.…
While the blockchain-based smart contract has become a hot topic of research over the last decade, not the least in the context of Industry 4.0, it now has well-known legal and technical shortcomings that currently prohibit its real-world…
The blockchain constitutes a technology-based, rather than social or regulation based, means to lower uncertainty about one another in order to exchange value. However, its use may very well also lead to increased complexity resulting from…
Digital transactions currently exceed trillions of dollars annually, yet traditional paper-based agreements remain a bottleneck for automation, enforceability, and dispute resolution. Natural language contracts introduce ambiguity, require…
Sensitive records stored in the cloud such as healthcare records, private conversation and credit card information are targets of hackers and privacy abuse. Current information and record management systems have difficulties achieving…
Increased collaborative production and dynamic selection of production partners within industry 4.0 manufacturing leads to ever-increasing automatic data exchange between companies. Automatic and unsupervised data exchange creates new…
Smart contract technology is reshaping conventional industry and business processes. Being embedded in blockchains, smart contracts enable the contractual terms of an agreement to be enforced automatically without the intervention of a…