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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Citations
Blockchain and Internet of Things
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TL;DR: Blockchain technique used in Bitcoin is a public, distributed, and append-only ledger that is maintained and governed by a group of financially motivated miners who do not trust each other.
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The Impact of the Digital Transformation of Business on Corporate Governance. An Overview of Recent Studies
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TL;DR: A survey of recent studies on the impact of digitalization, and particularly blockchain technology, on corporate governance and the principal-agent conflict in companies is presented in this paper, where the most frequent instances of conflict are related to the composition of boards of directors and compensation schemes observed at shareholder voting.
Liquidity Implications of Constant Product Market Makers
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TL;DR: In this article, the authors build a model of coexisting exchanges, in which a centralized exchange with the traditional order-book mechanism operates in parallel with a decentralized exchange with constant product market makers (CPMM).
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Formalising and verifying smart contracts with Solidifier: a bounded model checker for Solidity
Pedro Antonino,A. W. Roscoe +1 more
TL;DR: A formalisation of Solidity and the Ethereum blockchain using the Solid language and its blockchain is presented; a Solid program is obtained by explicating/desugaring a Solidity program and some abstractions are made that over-approximate the way in which Solidity/Ethereum behave.
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