research-article

An event driven framework for smart contract execution

Authors:

Mudabbir Kaleem,

Keshav Kasichainula,

Rabimba Karanjai,

Weidong ShiAuthors Info & Claims

DEBS '21: Proceedings of the 15th ACM International Conference on Distributed and Event-based Systems

Pages 78 - 89

https://doi.org/10.1145/3465480.3466924

Published: 28 June 2021 Publication History

Abstract

Blockchain-based smart contract platforms have traditionally employed the transaction-driven execution model. This paper presents an alternate framework for blockchain-based smart contract execution called EDSC. Our platform design presents a novel approach to tackle the scalability and performance challenges facing the smart contract ecosystem. We base EDSC's design on the Ethereum template, and it can be readily implemented for other existing smart contract platforms. To evaluate our design, we perform an experimental implementation using the Ethereum client. Our experiments with performance modeling show, on average, a 2.2 to 4.6 times reduced total latency of event-triggered smart contracts, demonstrating the effectiveness of the design in supporting time-sensitive applications. Additionally, we comment on the design's potential security aspects and demonstrate its utility by discussing potential use cases.

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Cited By

Niu YGao SZhang HGong Y(2023)A Decentralized Quality Management Scheme for Content Moderation2023 International Conference on Networking and Network Applications (NaNA)10.1109/NaNA60121.2023.00043(215-220)Online publication date: Aug-2023
https://doi.org/10.1109/NaNA60121.2023.00043
Jiang XTsai W(2022)Event-Processing Model for Smart Contracts with Oracle and EEG2022 International Conference on Machine Learning, Cloud Computing and Intelligent Mining (MLCCIM)10.1109/MLCCIM55934.2022.00078(425-430)Online publication date: Aug-2022
https://doi.org/10.1109/MLCCIM55934.2022.00078

Index Terms

An event driven framework for smart contract execution
1. Software and its engineering
  1. Software organization and properties
    1. Software system structures
      1. Distributed systems organizing principles

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Published In

cover image ACM Conferences

DEBS '21: Proceedings of the 15th ACM International Conference on Distributed and Event-based Systems

June 2021

207 pages

ISBN:9781450385558

DOI:10.1145/3465480

General Chairs:
Alessandro Margara
Politecnico di Milano, Italy
,
Emanuele Della Valle
Politecnico di Milano, Italy

Copyright © 2021 ACM.

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 the author(s) 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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Publication History

Published: 28 June 2021

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National Science Foundation

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DEBS '21

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DEBS '21: The 15th ACM International Conference on Distributed and Event-based Systems

June 28 - July 2, 2021

Virtual Event, Italy

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DEBS '21 Paper Acceptance Rate 7 of 26 submissions, 27%;

Overall Acceptance Rate 145 of 583 submissions, 25%

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Cited By

Niu YGao SZhang HGong Y(2023)A Decentralized Quality Management Scheme for Content Moderation2023 International Conference on Networking and Network Applications (NaNA)10.1109/NaNA60121.2023.00043(215-220)Online publication date: Aug-2023
https://doi.org/10.1109/NaNA60121.2023.00043
Jiang XTsai W(2022)Event-Processing Model for Smart Contracts with Oracle and EEG2022 International Conference on Machine Learning, Cloud Computing and Intelligent Mining (MLCCIM)10.1109/MLCCIM55934.2022.00078(425-430)Online publication date: Aug-2022
https://doi.org/10.1109/MLCCIM55934.2022.00078

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