Smart Transactions

Egger L. Mielberg

No nrv5c, OSF Preprints from Center for Open Science

Abstract: Fully realized ACCP-based (Atomicity, Consistency, Concurrency, Permanency) online transactions would allow, first, to connect and manage all associative input transactions to a single output transaction, second, to eliminate any third party that is not a participant of transaction contract, third, to fully automate an execution of multi-steps contracts with a possibility to track them on every step, fourth, to promptly identify and extract any transaction data, and fifth, to dynamically scale a transaction network proportionally to the amount of its active participants. We propose a mechanism that allow every single participant of the transaction network to dynamically manage any transaction on his or her own economic way.

Date: 2018-04-20
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:nrv5c

DOI: 10.31219/osf.io/nrv5c

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