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Blockchain technology has evolved from being an immutable ledger of transactions for cryptocurrencies to a programmable interactive the environment for building distributed reliable applications. Although, blockchain technology has been…

Cryptography and Security · Computer Science 2017-09-29 Aravind Ramachandran , Dr. Murat Kantarcioglu

Smart contracts on a blockchain behave precisely as specified by their code. A vulnerability in this code can lead to unexpected behaviour, which is hard to fix because a blockchain does not allow to change smart contract code after its…

Programming Languages · Computer Science 2019-11-27 Markus Knecht

Smart contracts have been increasingly used together with blockchains to automate financial and business transactions. However, many bugs and vulnerabilities have been identified in many contracts which raises serious concerns about smart…

Software Engineering · Computer Science 2020-05-21 Zhipeng Gao , Lingxiao Jiang , Xin Xia , David Lo , John Grundy

Blockchain, Smart Contracts and Distributed Ledger Technology (DLT) are being touted to revolutionise digital services - through decentralisation. Cryptocurrencies, self-sovereign identities, decentralised certificate registries, and…

Computers and Society · Computer Science 2019-11-01 Joshua Ellul , Gordon Pace

Blockchains are tamper evident and tamper resistant digital ledgers implemented in a distributed fashion (i.e., without a central repository) and usually without a central authority (i.e., a bank, company, or government). At their basic…

Cryptography and Security · Computer Science 2019-06-27 Dylan Yaga , Peter Mell , Nik Roby , Karen Scarfone

Smart Contracts (SCs) are programs stored in a Blockchain to ensure agreements between two or more parties. Due to the unchangeable essence of Blockchain, failures or errors in SCs become perpetual once published. The reliability of SCs is…

Smart contracts manage blockchain assets and embody business processes. However, mainstream smart contract programming languages such as Solidity lack explicit notions of roles, action dependencies, and time. Instead, these concepts are…

Software Engineering · Computer Science 2023-09-19 Mojtaba Eshghie , Wolfgang Ahrendt , Cyrille Artho , Thomas Troels Hildebrandt , Gerardo Schneider

Modern blockchain systems support creation of smart contracts -- stateful programs hosted and executed on a blockchain. Smart contracts hold and transfer significant amounts of digital currency which makes them an attractive target for…

Software Engineering · Computer Science 2019-06-10 Dmitrii Suvorov , Vladimir Ulyantsev

Modern mathematics is built on the idea that proofs should be translatable into formal proofs, whose validity is an objective question, decidable by a computer. Yet, in practice, proofs are informal and may omit many details. An agent…

Computer Science and Game Theory · Computer Science 2021-10-14 Sylvain Carré , Franck Gabriel , Clément Hongler , Gustavo Lacerda , Gloria Capano

Blockchain technology provides a tamper-proof mechanism to execute inter-organizational business processes involving mutually untrusted parties. Existing approaches to blockchain-based process execution are based on code generation. In…

Software Engineering · Computer Science 2019-06-05 Orlenys López-Pintado , Marlon Dumas , Luciano García-Bañuelos , Ingo Weber

Smart contracts are distributed, self-enforcing programs executing on top of blockchain networks. They have the potential to revolutionize many industries such as financial institutes and supply chains. However, smart contracts are subject…

Cryptography and Security · Computer Science 2021-01-07 Tai D. Nguyen , Long H. Pham , Jun Sun

The global financial landscape is experiencing significant transformation driven by technological advancements and evolving market dynamics. Moreover, blockchain technology has become a pivotal platform with widespread applications,…

Computational Engineering, Finance, and Science · Computer Science 2024-07-30 Maruf Ahmed Mridul , Kaiyang Chang , Aparna Gupta , Oshani Seneviratne

Recent technologies such as inter-ledger payments, non-fungible tokens, and smart contracts are all fruited from the ongoing development of Distributed Ledger Technologies. The foreseen trend is that they will play an increasingly visible…

Cryptography and Security · Computer Science 2025-11-12 Lucian Trestioreanu , Wazen Shbair , Flaviene Scheidt de Cristo , Radu State

Blockchain technology has set off a wave of decentralization in the world since its birth. The trust system constructed by blockchain technology based on cryptography algorithm and computing power provides a practical and powerful solution…

Computational Engineering, Finance, and Science · Computer Science 2025-05-08 Pengfei Gao , Dechao Kong , Xiaoqi Li

With blockchain technology, information is recorded in a permanent distributed ledger that is maintained by multiple computers in a peer-to-peer network. There is no central authority that can alter records or change network consensus…

Computers and Society · Computer Science 2019-12-02 A. J. Santos

Recently, the blockchain technique was put in the spotlight as it introduced a systematic approach for multiple parties to reach consensus without needing trust. However, the application of this technique in practice is severely restricted…

Distributed, Parallel, and Cluster Computing · Computer Science 2017-07-17 Zhijie Ren , Kelong Cong , Johan Pouwelse , Zekeriya Erkin

This paper outlines key design principles of Scilla---an intermediate-level language for verified smart contracts. Scilla provides a clean separation between the communication aspect of smart contracts on a blockchain, allowing for the rich…

Programming Languages · Computer Science 2018-01-03 Ilya Sergey , Amrit Kumar , Aquinas Hobor

We propose LazyLedger, a design for distributed ledgers where the blockchain is optimised for solely ordering and guaranteeing the availability of transaction data. Responsibility for executing and validating transactions is shifted to only…

Cryptography and Security · Computer Science 2019-06-11 Mustafa Al-Bassam

Research on blockchains addresses multiple issues, with one being writing smart contracts. In our previous research we described methodology and a tool to generate, in automated fashion, smart contracts from BPMN models. The generated smart…

Software Engineering · Computer Science 2025-05-29 C. G. Liu , P. Bodorik , D. Jutla

Smart contracts are the artifact of the blockchain that provide immutable and verifiable specifications of physical transactions. Solidity is a domain-specific programming language with the purpose of defining smart contracts. It aims at…

Software Engineering · Computer Science 2020-05-14 Jian Zhu , Kai Hu , Mamoun Filali , Jean-Paul Bodeveix , Jean-Pierre Talpin