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    Blockchain-Enabled Smart Contracts: Architecture, Applications, and Future Trends

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    puneeth k
    The document summarizes a technical seminar on blockchain-enabled smart contracts. It discusses the system architecture and concepts of smart contracts, including challenges and recent progresses. It also outlines application scenarios of smart contracts in various domains like finance, management, IoT, and energy. The presentation covers the operational mechanism of smart contracts on blockchain platforms like Ethereum and Hyperledger Fabric. It analyzes technologies used like blockchain, smart contracts, and different types of blockchains.

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    Blockchain-Enabled Smart Contracts: Architecture, Applications, and Future Trends

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    puneeth k
    47 views15 pages
    The document summarizes a technical seminar on blockchain-enabled smart contracts. It discusses the system architecture and concepts of smart contracts, including challenges and recent progresses. It also outlines application scenarios of smart contracts in various domains like finance, management, IoT, and energy. The presentation covers the operational mechanism of smart contracts on blockchain platforms like Ethereum and Hyperledger Fabric. It analyzes technologies used like blockchain, smart contracts, and different types of blockchains.

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    The document summarizes a technical seminar on blockchain-enabled smart contracts. It discusses the system architecture and concepts of smart contracts, including challenges and recent progresses. It also outlines application scenarios of smart contracts in various domains like finance, management, IoT, and energy. The presentation covers the operational mechanism of smart contracts on blockchain platforms like Ethereum and Hyperledger Fabric. It analyzes technologies used like blockchain, smart contracts, and different types of blockchains.

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    47 views15 pages

    Blockchain-Enabled Smart Contracts: Architecture, Applications, and Future Trends

    Uploaded by

    puneeth k
    The document summarizes a technical seminar on blockchain-enabled smart contracts. It discusses the system architecture and concepts of smart contracts, including challenges and recent progresses. It also outlines application scenarios of smart contracts in various domains like finance, management, IoT, and energy. The presentation covers the operational mechanism of smart contracts on blockchain platforms like Ethereum and Hyperledger Fabric. It analyzes technologies used like blockchain, smart contracts, and different types of blockchains.

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    Department of Computer Science and Engineering

    Technical Seminar -15CSS86

    Blockchain-Enabled Smart Contracts:


    Architecture, Applications, and Future Trends

    Shuai Wang , Liwei


    Ouyang, Yong Presented by
    Yuan , Senior Tabassum Kuber S
    Member, IEEE,
    1GA15CS069
    Xiaochun
    Ni, Xuan Han, and Guided by
    Fei-Yue Wang , Mrs.Shruthi P
    Fellow, IEEE
    Agenda
    Introduction about domain
    About paper and authors
    Rationale for selecting the paper
    Abstract
    Applications
    References

    GAT_CSE_15CSS86_2020-21 2
    System Architecture/Concept
    System Architecture/Concept includes breif description
    about the following:
     Smart Contracts

     Challenges and Recent Progresses

     Application Scenarios of Smart Contracts

     Future Development Trends

    GAT_CSE_15CSS86_2020-21 3
    Smart Contracts
    In this section, we will give an overview of smart
    contracts by following:
    Brief Introduction to Blockchain

    Operational Mechanism of Smart Contracts

    Basic Research Framework of Smart Contracts

    GAT_CSE_15CSS86_2020-21 4
    Brief Introduction to Blockchain
    The concept of blockchain originated from Bitcoin, which
    is a cryptocurrency invented by an unknown people or
    group of people using the pseudonym Nakamoto in 2008.
    Blockchain is a continuously growing list of records, called
    blocks, which are linked and secured using cryptography.
    Blockchain adopts the P2P protocol that can tolerate single
    point of failure.
    The consensus mechanism ensures a common,
    unambiguous ordering of transactions and blocks, and
    guarantees the integrity and consistency of the blockchain
    across geographically distributed nodes.

    GAT_CSE_15CSS86_2020-21 5
    Operational Mechanism of Smart Contracts

    GAT_CSE_15CSS86_2020-21 6
    Operational Mechanism of Smart Contracts
    Contd..

    Overview of workflow in the Ethereum network

    GAT_CSE_15CSS86_2020-21 7
    Operational Mechanism of Smart Contracts
    Contd..

    Transaction workflow of Hyperledger Fabric

    GAT_CSE_15CSS86_2020-21 8
    Challenges and Recent Progresses
    As an emerging technology in its infancy, smart
    contracts currently face many problems and
    challenges.The Challenges are:
    Contract Vulnerabilities
    Limitations of the Blockchain
    Privacy and Legal Issues

    GAT_CSE_15CSS86_2020-21 9
    Application Scenarios of Smart Contracts
     Currently, applications of smart contracts are springing up,this
    section will take finance, management, IoT, and energy as examples
    to introduce the application scenarios of smart contracts.
     Finance:Blockchain and smart contracts enable increased visibility
    and trust across the participants while bring huge savings in
    infrastructures, transactions, and administrative costs. The
    following are several typical applications of smart contracts in
    finance:
    1)Securities
    2)Insurances
    3)Trade Finance

    GAT_CSE_15CSS86_2020-21 10
    Technology used
    Blockchain is a continuously growing list of records, called blocks,
    which are linked and secured using cryptography.
    Blockchain adopts the P2P protocol that can tolerate single point of
    failure. The consensus mechanism ensures a common, unambiguous
    ordering of transactions and blocks, and guarantees the integrity and
    consistency of the blockchain across geographically distributed nodes.
    Based on different levels of access permission, blockchains can be
    divided into three types:
    1) public blockchain (such as Bitcoin and Ethereum)
    2) consortium blockchain (such as Hyperledger5 and Ripple)
    3) private blockchain
    Blockchain serves as the platform for smart contracts to be hosted and
    executed on.

    GAT_CSE_15CSS86_2020-21 11
    References
    [1].Shuai Wang , Liwei Ouyang, Yong Yuan , Xiaochun Ni, Xuan Han, and Fei-
    Yue Wang(2019 ,IEEE) “Blockchain-Enabled Smart Contracts: Architecture,
    Applications, and Future Trends.”
    [2].N. Szabo. (1996) “Smart Contracts: Building Blocks for Digital Markets.”
    [3].A. Dorri, S. S. Kanhere, and R. Jurdak, “Towards an optimized blockchain for
    IoT,” in Proc. ACM 2nd Int. Conf. Internet Things Design Implement., 2017, pp.
    173–178.
    [4].Y. Zhang et al., “Smart contract-based access control for the Internet of
    Things,” arXiv preprint arXiv:1802.04410, 2018.
    [5].The Energy Web Foundation, “ Promising Blockchain Applications for
    Energy: Separating the Signal From the Noise.” Accessed: Sep. 2, 2018.

    GAT_CSE_15CSS86_2020-21 12
    References Contd..
    [6].J. Poon and V. Buterin. (2017). Plasma: Scalable Autonomous Smart Contracts.
    [Online]. Available: https://plasma.io/plasma.pdf
    [7].J. J. Zhang et al., “Cyber-physical-social systems: The state of the art and
    perspectives,” IEEE Trans. Comput. Soc. Syst., vol. 5, no. 3, pp. 829–840, Sep. 2018.
    [8].F. Y. Wang, “Software-defined systems and knowledge automation: A parallel
    paradigm shift from Newton to Merton,” Acta Automatica Sinica, vol. 41, no. 1, pp. 1–8,
    2015.
    [9].R. W. Rauchhaus, “Principal-agent problems in humanitarian interven- tion: Moral
    hazards, adverse selection, and the commitment dilemma,” Int. Stud. Quart., vol. 53, no.
    4, pp. 871–884, 2009.
    [10]D. Wen, Y. Yuan, and X.-R. Li, “Artificial societies, computational exper- iments, and
    parallel systems: An investigation on a computational theory for complex socioeconomic
    systems,” IEEE Trans. Services Comput., vol. 6, no. 2, pp. 177–185, Apr./Jun. 2013.

    GAT_CSE_15CSS86_2020-21 13
    Thank You

    GAT_CSE_15CSS86_2020-21 14
    Q&A

    GAT_CSE_15CSS86_2020-21 15

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