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Hierarchical Design and Execution of Smart Contracts in Blockchain

机译:区块链中的分层设计和执行智能合同

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In light of the multiple legal issues, compliance and disruptions caused by the pandemic, organisations searching for new solutions need to know what smart contracts are and how they would function under the legal doctrine of force majeure in light of COVID-19. The Blockchains which use Bitcoin type of scripts have been popular as payment solutions, but it is less used as smart contracts. In the case of multi-level games and incremental project payments, there is a high potential to use Bitcoin type of scripts, but it is not being used currently. Interestingly, there have been attempts to associate smart contract mainly using Ethereum Blockchain but not with Bitcoin type of scripts. This article intends to demonstrate the novelty of designing smart contracts using Bitcoin type of scripts for hierarchical execution of smart contracts. An attempt is done to show its application in two use cases (multi-level reward games payment and incremental project payment). An evaluation is done with three methods each having a combination of pros and cons based on the requirements which aids in understanding for transparency and control over funds through Blockchain.
机译:鉴于大流行造成的多重法律问题,遵守和中断,搜寻新解决方案的组织需要知道智能合同是什么以及如何根据Covid-19在不可抗力的法律教义下起作用。使用比特币类型的脚本的区块链一直是支付解决方案的流行,但它较少用作智能合同。在多级游戏和增量项目付款的情况下,使用比特币类型的脚本有很大的潜力,但它目前没有使用。有趣的是,已经尝试将智能合同主要使用Ethereum BlockChain联系,但不是使用比特币类型的脚本。本文旨在展示使用比特币类型的智能脚本设计智能合同的新颖性,以进行分层执行智能合同。尝试完成为在两种用例中显示其应用程序(多级奖励游戏付款和增量项目付款)。根据需要的要求,使用三种方法进行评估,这些方法是基于要求的优缺点和缺点的要求,这有助于了解通过区间块的透明度和控制资金。

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