SPESC-Translator: Towards Automatically Smart Legal Contract Conversion for Blockchain-based Auction Services

E. Chen, Bohan Qin, Yan Zhu, Weijing Song, Shengdian Wang, Cheng Chung William Chu, Stephen S. Yau

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Smart contract is a set of digital executable protocols intended to make contractual clauses partially or fully self-executing, self-enforcing, or both. As the second-generation blockchain technology, smart contracts have greatly enriched the functional expression of blockchain to make application development more convenient. All related data of smart contracts, including program codes, intermediate states, and executed results, will be stored in blockchain to ensure that these data are not tampered with. Also, the consensus protocols of blockchain verify the correctness of the running process by executing the smart contract with the same input at all nodes. Therefore, the blockchain's security mechanism with tamper-proof and traceable makes it possible for smart contracts to be recognized by law.

Original languageEnglish (US)
Title of host publicationProceedings - 2021 IEEE World Congress on Services, SERVICES 2021
EditorsNimanthi Atukorala, Carl K. Chang, Rong N. Chang, Ernesto Damiani, Ian Foster, Zhonghie Wang, Jia Zhang
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages3
Number of pages1
ISBN (Electronic)9781665427197
DOIs
StatePublished - 2021
Externally publishedYes
Event2021 IEEE World Congress on Services, SERVICES 2021 - Virtual, Online, United States
Duration: Sep 5 2021Sep 11 2021

Publication series

NameProceedings - 2021 IEEE World Congress on Services, SERVICES 2021

Conference

Conference2021 IEEE World Congress on Services, SERVICES 2021
Country/TerritoryUnited States
CityVirtual, Online
Period9/5/219/11/21

ASJC Scopus subject areas

  • Health Informatics
  • Business and International Management
  • Artificial Intelligence
  • Computer Networks and Communications
  • Software
  • Information Systems and Management
  • Safety, Risk, Reliability and Quality

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