2018
DOI: 10.1007/978-3-030-10549-5_27
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On and Off-Blockchain Enforcement of Smart Contracts

Abstract: 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 time. We explain that emerging blockchain technology is certainly a promising platform for implementing smart contracts but argue that there is a large class of applications, where blockchain is inadequate due to performance, scalability, and consistency requirements, and als… Show more

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Cited by 27 publications
(33 citation statements)
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References 28 publications
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“…The aim of the SLA-based broker system is to receive the generated machine-readable SLA (SLA offers and SLA requests), and find the best candidate that matches user requirements as a step for automating service provider selection. We are also in the initial stages of investigating the development of an IoT monitoring platform that makes use of novel Blockchain and Smart Contract technology [26] [27].…”
Section: Discussionmentioning
confidence: 99%
“…The aim of the SLA-based broker system is to receive the generated machine-readable SLA (SLA offers and SLA requests), and find the best candidate that matches user requirements as a step for automating service provider selection. We are also in the initial stages of investigating the development of an IoT monitoring platform that makes use of novel Blockchain and Smart Contract technology [26] [27].…”
Section: Discussionmentioning
confidence: 99%
“…There are proposals in the literature (most prominently, [14]) to use blockchain as access control platform to ensure the privacy of data. In [15], the authors mentioned some of the technical challenges present in the proposals adopting blockchain as part of their solutions. We proposed [2] a usable blockchain-based model for data sharing in the scientific research domain which addresses these challenges.…”
Section: A Blockchain-based Research Data Sharing Systemmentioning
confidence: 99%
“…The challenge for the developer is to select a suitable architecture and technology for implementation. As discussed in [18], there are several approaches to smart contract implementations:…”
Section: Implementation Alternativesmentioning
confidence: 99%
“…As explained in [18], the alternatives discussed in Section III offer different QoS attributes (for example, scalability, privacy, consensus latency, transaction fees) that render them suitable for some applications but unsuitable for others. There exist applications whose requirements are only met by the hybrid approach.…”
Section: Hybrid Architecturementioning
confidence: 99%
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