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AN EXPLORATIVE PAPER ON SPECULATIVE APPROACHES TO SMART CONTRACTS
Prague Economic Papers ( IF 0.6 ) Pub Date : 2020-08-31 , DOI: 10.18267/j.pep.742
Sanel Halilbegovic , Necip Ertem

The trend of cryptocurrencies has stirred interest in the underlying technology that qualifies cryptocurrencies as a secure structure with speedy, timely and cheap transactions. The aforementioned technology, the blockchain, in brief terms is a decentralized ledger technology that attains an immutable characteristic through consensus and timestamp mechanics. The model also sets the stage for transparency in transactions, which renders the technology applicable to a myriad of scenarios that involve financial instruments. This research puts forth an argumentative approach to the applicability of blockchain technology and specifically studies the prospect of utilizing smart contracts. This approach probes the feasibility of introducing smart contracts to everyday financial transactions and settlements. An opposing perspective, by taking a devil's advocate standpoint, invokes the impractical or implausible aspects of implementing the blockchain in certain scenarios. Difficulty in auditing is a prominent example among those impracticalities. Research methodology is qualitative in nature and takes the form of exploratory research by examining existing literature on the topic.

中文翻译:

关于智能合约专用方法的探索性论文

加密货币的趋势引起了人们对底层技术的兴趣,该技术使加密货币具有快速,及时,廉价的交易安全结构的资格。简而言之,上述技术(区块链)是一种去中心化的账本技术,它通过共识和时间戳机制达到了不变的特性。该模型还为交易透明化奠定了基础,从而使该技术适用于涉及金融工具的众多场景。这项研究为区块链技术的适用性提出了一种论证方法,并专门研究了利用智能合约的前景。该方法探讨了将智能合约引入日常金融交易和结算的可行性。一个相反的观点,就是带着魔鬼 倡导者的立场,援引在某些情况下实施区块链的不切实际或不切实际的方面。在这些不切实际的事中,审计困难是一个突出的例子。研究方法本质上是定性的,并通过研究有关该主题的现有文献采取探索性研究的形式。
更新日期:2020-08-31
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