Related papers: The Feasibility of a Smart Contract "Kill Switch"
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…
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…
A smart contract is a digital program of transaction protocol (rules of contract) based on the consensus architecture of blockchain. Smart contracts with Blockchain are modern technologies that have gained enormous attention in scientific…
Blockchain-based smart contract has become a growing field in the blockchain technology. What was once a technology used to solve digital transaction issues turns out to have some wider usage, including smart contract. The development of…
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…
We examine blockchain technologies, especially smart contracts, as a platform for decentralized applications. By providing a basis for consensus, blockchain promises to upend business models that presuppose a central authority. However,…
In recent years, manifold blockchain protocols have been proposed by researchers and industrial companies alike. This has led to a very heterogeneous blockchain landscape. Accordingly, it would be desirable if blockchains could interact…
With technological advances and the establishment of e-commerce models, business challenges have shifted to online platforms. The promise of embedding self-executing and autonomous programs into blockchain technologies has attracted…
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…
Smart contracts are programs stored on a blockchain that run when predetermined conditions are met. However, designing and implementing a smart contract is not trivial since upon deployment on a blockchain, it is no longer possible to…
With the Internet of Things (IoT), Things are expected to live in different "domains" and "contexts" during their lifetime. Information generated by and associated with Things should be manageable by multiple, diverse stakeholders…
A blockchain-based smart contract or a "smart contract" for short, is a computer program intended to digitally facilitate the negotiation or contractual terms directly between users when certain conditions are met. With the advance in…
The blockchain technology has been used for recording state transitions of smart contracts - decentralized applications that can be invoked through external transactions. Smart contracts gained popularity and accrued hundreds of billions of…
Recently, decentralised (on-blockchain) platforms have emerged to complement centralised (off-blockchain) platforms for the implementation of automated, digital (smart) contracts. However, neither alternative can individually satisfy the…
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…
The aim of this work is to study the use of decentralization and smart contracts on blockchain networks. We investigate the implementation and use of smart contracts on the platforms Bitcoin, Ethereum and Hyperledger Fabric. Additionally,…
In an increasingly complex contractual landscape, the demand for transparency, security, and efficiency has intensified. Blockchain technology, with its decentralized and immutable nature, addresses these challenges by reducing intermediary…
The immutability of smart contracts on blockchain platforms like Ethereum promotes security and trustworthiness but presents challenges for updates, bug fixes, or adding new features post-deployment. These limitations can lead to…
A smart contract is a computer program which allows users to automate their actions on the blockchain platform. Given the significance of smart contracts in supporting important activities across industry sectors including supply chain,…
The emergence of blockchain technology has revolutionized contract execution through the introduction of smart contracts. Ethereum, the leading blockchain platform, leverages smart contracts to power decentralized applications (DApps),…