short-paper

New Loan System Based on Smart Contract

Authors:

Qi Yang,

Xiao Zeng,

Yu Zhang,

Wei HuAuthors Info & Claims

BSCI '19: Proceedings of the 2019 ACM International Symposium on Blockchain and Secure Critical Infrastructure

Pages 121 - 126

https://doi.org/10.1145/3327960.3332395

Published: 02 July 2019 Publication History

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Abstract

The traditional lending system has problems such as the need to establish a trust foundation, the third-party trust media to participate in transactions, and the inevitable breach of contract behavior. The combination of smart contracts and blockchain technology has become a breakthrough point in solving the problem of lending systems. Taking the application of smart contract in the loan system as an example, this paper uses the blockchain as the storage characteristic of the distributed database, decentralizes and stably stores the smart contract on the blockchain for the purpose of directly controlling the transaction assets and their transfer. Through the rational design and application of intelligent contracts, the coded enforcement of the transaction process in the lending system is promoted, and the problems of insufficient supervision ability and low loan efficiency in the transaction process are improved. It also shows that there is a great space for innovation and practical prospects for the reasonable combination of smart contracts and blockchains.

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Cited By

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Rey W(2024)A Blockchain-Infused Web Platform for Smart Contract-Enabled Loan Management in Financial InstitutionsProceedings of the 2024 10th International Conference on Computer Technology Applications10.1145/3674558.3674578(142-148)Online publication date: 15-May-2024
https://dl.acm.org/doi/10.1145/3674558.3674578
Rey WVillaluz ARey K(2024)Guarding the Digital Frontier: A Security Assessment of the Smart Contract-Integrated Web-Based Loan Management System for Lending InstitutionsProceedings of the 2024 6th International Conference on Management Science and Industrial Engineering10.1145/3664968.3664984(128-135)Online publication date: 24-Apr-2024
https://dl.acm.org/doi/10.1145/3664968.3664984
Rey WGuingab CSheng MTamayo J(2024)Digital Evolution in Finance: A Smart Contract-integrated Web-Based Loan Management System for Lending InstitutionsProceedings of the 2024 10th International Conference on Computing and Data Engineering10.1145/3641181.3641196(89-97)Online publication date: 15-Jan-2024
https://dl.acm.org/doi/10.1145/3641181.3641196
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Index Terms

New Loan System Based on Smart Contract
1. Computer systems organization
  1. Architectures
    1. Distributed architectures
      1. Peer-to-peer architectures
2. Security and privacy
  1. Cryptography
    1. Public key (asymmetric) techniques
      1. Public key encryption

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Published In

BSCI '19: Proceedings of the 2019 ACM International Symposium on Blockchain and Secure Critical Infrastructure

July 2019

134 pages

ISBN:9781450367868

DOI:10.1145/3327960

Program Chairs:
Keke Gai
Beijing Institute of Technology, China
,
Kim-Kwang Raymond Choo
University of Texas at San Antonio, USA
,
Debiao He
Wuhan University, China
,
Sheng Wen
Swinburne University of Technology, Australia

Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Association for Computing Machinery

New York, NY, United States

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Published: 02 July 2019

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Asia CCS '19

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SIGSAC

Asia CCS '19: ACM Asia Conference on Computer and Communications Security

July 8, 2019

Auckland, New Zealand

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BSCI '19 Paper Acceptance Rate 44 of 12 submissions, 367%;

Overall Acceptance Rate 44 of 12 submissions, 367%

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Rey W(2024)A Blockchain-Infused Web Platform for Smart Contract-Enabled Loan Management in Financial InstitutionsProceedings of the 2024 10th International Conference on Computer Technology Applications10.1145/3674558.3674578(142-148)Online publication date: 15-May-2024
https://dl.acm.org/doi/10.1145/3674558.3674578
Rey WVillaluz ARey K(2024)Guarding the Digital Frontier: A Security Assessment of the Smart Contract-Integrated Web-Based Loan Management System for Lending InstitutionsProceedings of the 2024 6th International Conference on Management Science and Industrial Engineering10.1145/3664968.3664984(128-135)Online publication date: 24-Apr-2024
https://dl.acm.org/doi/10.1145/3664968.3664984
Rey WGuingab CSheng MTamayo J(2024)Digital Evolution in Finance: A Smart Contract-integrated Web-Based Loan Management System for Lending InstitutionsProceedings of the 2024 10th International Conference on Computing and Data Engineering10.1145/3641181.3641196(89-97)Online publication date: 15-Jan-2024
https://dl.acm.org/doi/10.1145/3641181.3641196
Zhang ZGu YJiang LYu WDai J(2023)Internet of Things and Blockchain-Based Smart Contracts: Enabling Continuous Risk Monitoring and Assessment in Peer-to-Peer LendingJournal of Emerging Technologies in Accounting10.2308/JETA-2022-00320:2(181-194)Online publication date: 4-Oct-2023
https://doi.org/10.2308/JETA-2022-003
Chacko JMayer RJacobsen H(2023)How To Optimize My Blockchain? A Multi-Level Recommendation ApproachProceedings of the ACM on Management of Data10.1145/35887041:1(1-27)Online publication date: 30-May-2023
https://dl.acm.org/doi/10.1145/3588704
Faura GSiewiersky CTal I(2023)A User-Centric Evaluation of Smart Contract Analysis Tools in Decentralised Finance (DeFi)Proceedings of the International Conference on Cybersecurity, Situational Awareness and Social Media10.1007/978-981-19-6414-5_25(453-476)Online publication date: 8-Mar-2023
https://doi.org/10.1007/978-981-19-6414-5_25
Xu YChong HChi M(2021)A Review of Smart Contracts Applications in Various Industries: A Procurement PerspectiveAdvances in Civil Engineering10.1155/2021/55307552021:1Online publication date: 21-Apr-2021
https://doi.org/10.1155/2021/5530755
Arora NKaur P(2021)Blockchain Empowered Framework for Peer to Peer Lending2021 9th International Conference on Reliability, Infocom Technologies and Optimization (Trends and Future Directions) (ICRITO)10.1109/ICRITO51393.2021.9596552(1-5)Online publication date: 3-Sep-2021
https://doi.org/10.1109/ICRITO51393.2021.9596552
Hu XZhao HZheng SWang L(2020)CBOL: Cross-Bank Over-Loan Prevention, RevisitedEntropy10.3390/e2206061922:6(619)Online publication date: 3-Jun-2020
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Meyer EWelpe ISandner P(undefined)Decentralized Finance—A systematic literature review and research directionsSSRN Electronic Journal10.2139/ssrn.4016497
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An overview on smart contracts: Challenges, advances and platforms

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An overview on smart contracts: Challenges, advances and platforms

A survey of application research based on blockchain smart contract

Poster: A Privacy-Preserving Smart Contract Vulnerability Detection Framework for Permissioned Blockchain

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