Violable Contracts and Governance for Blockchain Applications

Autor: Singh, Munindar P., Chopra, Amit K.
Rok vydání: 2018
Předmět:
Druh dokumentu: Working Paper
Popis: We examine blockchain technologies, especially smart contracts, as a platform for decentralized applications. By providing a basis for consensus, blockchain promises to upend business models that presuppose a central authority. However, blockchain suffers from major shortcomings arising from an over-regimented way of organizing computation that limits its prospects. We propose a sociotechnical, yet computational, perspective that avoids those shortcomings. A centerpiece of our vision is the notion of a declarative, violable contract in contradistinction to smart contracts. This new way of thinking enables flexible governance, by formalizing organizational structures; verification of correctness without obstructing autonomy; and a meaningful basis for trust.
Databáze: arXiv