Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Scientific › peer-review
Abstract
Smart contracts gain rapid exposure since the inception of blockchain technology. Today's smart contracts are coded in non-mainstream procedural programming languages (e.g. Solidity for Ethereum), which lifts the requirement to draft enterprise ready smart contract to both a legal professional and a programmer instead of only the former. In search for a smart contract language that reduces the threshold to draft one, this conceptual paper elaborates how business logic can be converted to executable code for commitment-based smart contracts. Hereby, a contract is viewed as a set of reciprocal commitments. The smart contract ensures the automated execution of all or most of these commitments. In order to leverage its event processing capabilities, Reaction RuleML has been used to appropriately represent the elements and working of passive and active rules within a commitment based smart.
Original language
English
Title of host publication
Proceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018)
title = "An introduction to commitment based smart contracts using ReactionRuleML",
abstract = "Smart contracts gain rapid exposure since the inception of blockchaintechnology. Today's smart contracts are coded in non-mainstreamprocedural programming languages (e.g. Solidity for Ethereum),which lifts the requirement to draft enterprise ready smart contract toboth a legal professional and a programmer instead of only the former.In search for a smart contract language that reduces the threshold todraft one, this conceptual paper elaborates how business logic can beconverted to executable code for commitment-based smart contracts.Hereby, a contract is viewed as a set of reciprocal commitments. Thesmart contract ensures the automated execution of all or most of thesecommitments. In order to leverage its event processing capabilities,Reaction RuleML has been used to appropriately represent theelements and working of passive and active rules within acommitment based smart.",
author = "{de Kruijff}, Joost and Hans Weigand",
year = "2018",
month = "2",
language = "English",
volume = "2239",
pages = "149--157",
editor = "Jaap Gordijn",
booktitle = "Proceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018)",
Proceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018) . ed. / Jaap Gordijn. Vol. 2239 Amsterdam : CEUR, 2018. p. 149-157.
Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Scientific › peer-review
TY - GEN
T1 - An introduction to commitment based smart contracts using ReactionRuleML
AU - de Kruijff, Joost
AU - Weigand, Hans
PY - 2018/2
Y1 - 2018/2
N2 - Smart contracts gain rapid exposure since the inception of blockchaintechnology. Today's smart contracts are coded in non-mainstreamprocedural programming languages (e.g. Solidity for Ethereum),which lifts the requirement to draft enterprise ready smart contract toboth a legal professional and a programmer instead of only the former.In search for a smart contract language that reduces the threshold todraft one, this conceptual paper elaborates how business logic can beconverted to executable code for commitment-based smart contracts.Hereby, a contract is viewed as a set of reciprocal commitments. Thesmart contract ensures the automated execution of all or most of thesecommitments. In order to leverage its event processing capabilities,Reaction RuleML has been used to appropriately represent theelements and working of passive and active rules within acommitment based smart.
AB - Smart contracts gain rapid exposure since the inception of blockchaintechnology. Today's smart contracts are coded in non-mainstreamprocedural programming languages (e.g. Solidity for Ethereum),which lifts the requirement to draft enterprise ready smart contract toboth a legal professional and a programmer instead of only the former.In search for a smart contract language that reduces the threshold todraft one, this conceptual paper elaborates how business logic can beconverted to executable code for commitment-based smart contracts.Hereby, a contract is viewed as a set of reciprocal commitments. Thesmart contract ensures the automated execution of all or most of thesecommitments. In order to leverage its event processing capabilities,Reaction RuleML has been used to appropriately represent theelements and working of passive and active rules within acommitment based smart.
M3 - Conference contribution
VL - 2239
SP - 149
EP - 157
BT - Proceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018)