Journal Article10.5210/FM.V2I9.548
Formalizing and Securing Relationships on Public Networks
1.9K
TL;DR: Protocols with application in important contracting areas, including credit, content rights management, payment systems, and contracts with bearer are discussed.
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Abstract: Smart contracts combine protocols with user interfaces to formalize and secure relationships over computer networks. Objectives and principles for the design of these systems are derived from legal principles, economic theory, and theories of reliable and secure protocols. Similarities and differences between smart contracts and traditional business procedures based on written contracts, controls, and static forms are discussed. By using cryptographic and other security mechanisms, we can secure many algorithmically specifiable relationships from breach by principals, and from eavesdropping or malicious interference by third parties, up to considerations of time, user interface, and completeness of the algorithmic specification. This article discusses protocols with application in important contracting areas, including credit, content rights management, payment systems, and contracts with bearer.
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Practical Limitations of Ethereum’s Layer-2
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TL;DR: In this paper , the authors present an experimental study that analyzes the current state of Ethereum layer-2 projects and infer that without efficient mechanisms that allow users to transfer funds in a secure and fast manner directly from one layer-to-another, current layer2 systems will not be able to scale Ethereum effectively, regardless of their technical solutions.
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Re-designing the pension business processes for achieving technology-driven reforms through blockchain adoption: A proposed architecture
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TL;DR: An architectural design of a blockchain-enabled pension network represents a flexible and scalable knowledge construct that can act as a foundation for further investigations by pension regulators or pension industry participants interested in achieving technology-driven pension operations reforms.
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AT2: Asynchronous Trustworthy Transfers
TL;DR: This paper shows that consensus is not needed to implement of a decentralized asset transfer system by introducing AT2 (Asynchronous Trustworthy Transfers), a class of consensusless algorithms offering deterministic and probabilistic properties.
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