Design of the Blockchain Smart Contract: A Use Case for Real Estate
28 Jun 2018-Journal of Information Security (Scientific Research Publishing)-Vol. 09, Iss: 3, pp 177-190
TL;DR: This paper aims to present the Blockchain and smart contract for a specific domain which is real estate, a detailed design of smart contract is presented and a use case for renting residential and business buildings is examined.
Abstract: Blockchain is a fast-disruptive technology becoming a key instrument in share economy. In recent years, Blockchain has received considerable attention from many researchers and government institutions. This paper aims to present the Blockchain and smart contract for a specific domain which is real estate. A detailed design of smart contract is presented and then a use case for renting residential and business buildings is examined.
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TL;DR: The paper explores the significant applications which already benefited from the smart contracts and highlights the future potential of the blockchain based smart contracts in these applications perspective.
189 citations
Cites background from "Design of the Blockchain Smart Cont..."
...Improved Secure Transaction Process: [119], [120], [121] • Transaction authenticity • Eliminates fraudulent duplication of ownership documents Paper documents can be duplicated X X...
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...[119] examined design of Ethereum smart contract for the use cases of real estate, which is renting residential and business buildings....
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01 Nov 2018
TL;DR: The aim of this paper is to analyze conveniences and difficulties, related to the Blockchain integration and implementation in the different fields of modern industry.
Abstract: The Blockchain is the newest and perspective technology in modern economy. This technology can help to solve different kind of problems in the industrial sphere, such as trust, transparency, security and reliability of data processing. In theory, the use of Blockchain technology shows great and positive results, but what can say about practice? In this paper the description of the Blockchain technology, and it advantages and disadvantages are analyzed. Many already implemented applications of Blockchain technology were studied, as well as affected success or problems factors during the implementations. This paper aim is to analyze conveniences and difficulties, related to the Blockchain integration and implementation in the different fields of modern industry.
169 citations
Additional excerpts
...The Ethereum platform has four processes [19]:...
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TL;DR: A comparative analysis of core blockchain architecture, its fundamental concepts, and its applications in three major areas: the Internet-of-Things (IoT), healthcare, business and vehicular industry.
Abstract: In the past few years, the implementation of blockchain technology for various applications has been widely discussed in the research community and the industry. There are sufficient number of articles that discuss the possibility of applying blockchain technology in various areas, such as, healthcare, IoT, and business. However, in this article, we present a comparative analysis of core blockchain architecture, its fundamental concepts, and its applications in three major areas: the Internet-of-Things (IoT), healthcare, business and vehicular industry. For each area, we discuss in detail, challenges and solutions that have been proposed from the research community and industry. This research studies also presented the complete ecosystem of blockchain of all the papers we reviewed and summarized. Moreover, analysis is performed of various blockchain platforms, their consensus models, and applications. Finally, we discuss key aspects that are required for the widespread future adoption of blockchain technology in these major areas.
156 citations
Cites background from "Design of the Blockchain Smart Cont..."
...is the smart property [175], [176] which deals with buying and selling of physical and non-physical properties including buildings, houses, lands and even the organizational shares [177], [178]....
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TL;DR: A wide perspective is proposed about the application of the blockchain technology in the power systems area, clarifying some technical aspects concerning this promising technology, the features and applications developed so far, while focusing on the future of innovative applications in the electrical energy sector.
Abstract: Today, the blockchain is synonymous of technological innovation, being recognized among the 10 top strategy technologies in 2018 by the consulting company Gartner, it is more and more adopted in different sectors. However, the initial enthusiasm around this technology is going beyond the peak of inflated expectations, towards more stable applications in money transactions, cryptocurrencies and Digital Commodity Exchanges. Essentially, misguided efforts, the overuse of blockchain, and the Bitcoin's price drop have been the main reasons for this decay in expectations. Nevertheless, the exploitation of the blockchain technology in the power systems area appears largely underexplored, furthermore, the relation to the physical asset makes the blockchain application more complex but also more reliable and related to measurable benefits. The most common applications in the power systems area relate to the energy market. When the blockchain technology is indeed applied to the energy field, the term energy blockchain is used. This article aims to propose a wide perspective about the application of the blockchain technology in the power systems area, clarifying some technical aspects concerning this promising technology, the features and applications developed so far, while focusing on the future of innovative applications in the electrical energy sector.
136 citations
TL;DR: A multilayered TOE-based risk management framework is proposed to identify and manage the risks associated with smart city governance in the current study, and the criticality of the identified risks can help researchers and practitioners understand the top risks of smart city Governance.
111 citations
References
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01 Jan 1980TL;DR: In this article, the context of educational research, planning educational research and the styles of education research are discussed, along with strategies and instruments for data collection and research for data analysis.
Abstract: Part One: The Context Of Educational Research Part Two: Planning Educational Research Part Three: Styles Of Educational Research Part Four: Strategies And Instruments For Data Collection And Researching Part Five: Data Analysis
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"Design of the Blockchain Smart Cont..." refers background or methods in this paper
...The respondents from each stratum were selected using random sampling [24] [31]....
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..., people, cases/organizations, events, pieces of data) that are to be studied [24] [31]....
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TL;DR: The Soft Systems Methodology (SSM) as discussed by the authors is an alternative approach which enables managers of all kinds and at any level to deal with the subtleties and confusions of the situations they face.
Abstract: Whether by design, accident or merely synchronicity, Checkland appears to have developed a habit of writing seminal publications near the start of each decade which establish the basis and framework for systems methodology research for that decade."" Hamish Rennie, Journal of the Operational Research Society, 1992 Thirty years ago Peter Checkland set out to test whether the Systems Engineering (SE) approach, highly successful in technical problems, could be used by managers coping with the unfolding complexities of organizational life. The straightforward transfer of SE to the broader situations of management was not possible, but by insisting on a combination of systems thinking strongly linked to real-world practice Checkland and his collaborators developed an alternative approach - Soft Systems Methodology (SSM) - which enables managers of all kinds and at any level to deal with the subtleties and confusions of the situations they face. This work established the now accepted distinction between hard systems thinking, in which parts of the world are taken to be systems which can be engineered, and soft systems thinking in which the focus is on making sure the process of inquiry into real-world complexity is itself a system for learning. Systems Thinking, Systems Practice (1981) and Soft Systems Methodology in Action (1990) together with an earlier paper Towards a Systems-based Methodology for Real-World Problem Solving (1972) have long been recognized as classics in the field. Now Peter Checkland has looked back over the three decades of SSM development, brought the account of it up to date, and reflected on the whole evolutionary process which has produced a mature SSM. SSM: A 30-Year Retrospective, here included with Systems Thinking, Systems Practice closes a chapter on what is undoubtedly the most significant single research programme on the use of systems ideas in problem solving. Now retired from full-time university work, Peter Checkland continues his research as a Leverhulme Emeritus Fellow. "
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"Design of the Blockchain Smart Cont..." refers background in this paper
...Soft systems methodology (SSM) is an approach to tackling ill-defined complex problematic situation involving human factor [27] [28] [29] such as security incidents affecting IS....
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TL;DR: There is a distinct tradition in the literature on social science research methods that advocates the use of multiple methods as mentioned in this paper, which is usually described as one of convergent methodology, multimethod/multitrait (Campbell and Fiske, 1959), convergent validation or, what has been called "triangulation".
Abstract: December 1979, volume 24 There is a distinct tradition in the literature on social science research methods that advocates the use of multiple methods. This form of research strategy is usually described as one of convergent methodology, multimethod/multitrait (Campbell and Fiske, 1959), convergent validation or, what has been called "triangulation" (Webb et al., 1 966). These various notions share the conception that qualitative and quantitative methods should be viewed as complementary rather than as rival camps. In fact, most textbooks underscore the desirability of mixing methods given the strengths and weaknesses found in single method designs.
7,449 citations
"Design of the Blockchain Smart Cont..." refers methods in this paper
...Materials and Methods The study employed mixed research methods (quantitative and qualitative) for data collection and analysis [21]....
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15 Jan 2020
4,407 citations
"Design of the Blockchain Smart Cont..." refers background in this paper
...Atzori [1] found that privacy and confidentiality are still open problems with Blockchain because all the Blockchain nodes are shared with access to all data....
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...It has been known of the work of Nakamoto [1] in 2008 who showed how this technology can become the core component to support transactions of the digital currency (bitcoin) [2]....
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Book•
01 Jan 1990TL;DR: The Emergence of Soft Systems Thinking as discussed by the authors is a seminal work in the field of soft systems thinking, and it can be found in the Soft Systems Methodology--the Parts.
Abstract: The Emergence of Soft Systems Thinking. Soft Systems Methodology--the Whole. Soft Systems Methodology--the Parts. Soft Systems Methodology--the Whole Revisited. Soft Systems Methodology--the Context. Conclusion. Appendix. Bibliography. Indexes.
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"Design of the Blockchain Smart Cont..." refers methods in this paper
...How soft systems methodology was used [28] [30]....
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...Due to the nature of the research problem, soft systems methodology [19] [28] [29] [30] was adopted to manage the analysis of collected data in a systematic way and circular fashion [28]....
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