Trust Design: Balancing Smart Contracts Utility and Decentralisation Risk

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F29142890%3A_____%2F17%3AN0000030" target="_blank" >RIV/29142890:_____/17:N0000030 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.1007/s11294-017-9660-x" target="_blank" >http://dx.doi.org/10.1007/s11294-017-9660-x</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s11294-017-9660-x" target="_blank" >10.1007/s11294-017-9660-x</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Trust Design: Balancing Smart Contracts Utility and Decentralisation Risk

Popis výsledku v původním jazyce

According to the World Economic Forum (World Economic Forum. The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services. August 2016), by 2025 10% of global GDP (gross domestic product) will be stored on blockchains, a type of decentralized database and distributed shared ledger. Smart contracts are automated computable contracts that are executed in blockchains, with the benefit of removing intermediaries and reducing costs. Computable contracts are represented in machine-understandable way. As a result, computers can process and reason over the contracts automatically with a guaranteed degree of accuracy. We found that a fields approach for portfolio construction reveals key demand signals in relation to levels of trust: trust is built when visibility increases, and, trust is resolved when funding is realized. Making these signals tangible is the first step to meta automation –machines managing machines, the ultimate goal of a smart contract. In this sense, this work may prove useful to both fund managers and technology developers.

Název v anglickém jazyce

Trust Design: Balancing Smart Contracts Utility and Decentralisation Risk

Popis výsledku anglicky

According to the World Economic Forum (World Economic Forum. The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services. August 2016), by 2025 10% of global GDP (gross domestic product) will be stored on blockchains, a type of decentralized database and distributed shared ledger. Smart contracts are automated computable contracts that are executed in blockchains, with the benefit of removing intermediaries and reducing costs. Computable contracts are represented in machine-understandable way. As a result, computers can process and reason over the contracts automatically with a guaranteed degree of accuracy. We found that a fields approach for portfolio construction reveals key demand signals in relation to levels of trust: trust is built when visibility increases, and, trust is resolved when funding is realized. Making these signals tangible is the first step to meta automation –machines managing machines, the ultimate goal of a smart contract. In this sense, this work may prove useful to both fund managers and technology developers.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

International Advances in Economic Research

ISSN

1083-0898

e-ISSN

—

Svazek periodika

23

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

3

Strana od-do

433-435

Kód UT WoS článku

000417713000012

EID výsledku v databázi Scopus

2-s2.0-85034635699