LSC: Online auto-update smart contracts for fortifying blockchain-based log systems

Shao, Wei; Wang, Zhi; Wang, Xiaolu; Qiu, Kefan; Jia, Chunfu; Jiang, Chong

doi:10.1016/j.ins.2019.09.073

Cited by 22 publications

(13 citation statements)

References 11 publications

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“…Gas is the incentive for nodes to perform the contract and ensure that it is obliged by the blockchain network. It is scaled according to the amount of computational power needed to perform the contract functions [26]. Smart contracts have associated code and data storage.…”

Section: Smart Contract and Its Potential For Iot-blockchain Integrationmentioning

confidence: 99%

“…Also, they can not be executed in parallel, therefore, Ethereum world computer is considered a single-threaded machine [23]. Smart contracts are turning into complete systems [26], meaning that they can solve any computation problem. This is an extremely important feature added to blockchain especially that it allows most of existing verifiable programs to transfer to and operate in blockchain [26].…”

Section: Smart Contract and Its Potential For Iot-blockchain Integrationmentioning

confidence: 99%

“…Smart contracts are turning into complete systems [26], meaning that they can solve any computation problem. This is an extremely important feature added to blockchain especially that it allows most of existing verifiable programs to transfer to and operate in blockchain [26]. Moreover, smart contracts have many advantages that add automation and therefore strengthens blockchain.…”

Section: Smart Contract and Its Potential For Iot-blockchain Integrationmentioning

confidence: 99%

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A Survey on the Integration of Blockchain With IoT to Enhance Performance and Eliminate Challenges

2021

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Internet of things IoT is playing a remarkable role in the advancement of many fields such as healthcare, smart grids, supply chain management, etc. It also eases people's daily lives and enhances their interaction with each other as well as with their surroundings and the environment in a broader scope. IoT performs this role utilizing devices and sensors of different shapes and sizes ranging from small embedded sensors and wearable devices all the way to automated systems. However, IoT networks are growing in size, complexity, and number of connected devices. As a result, many challenges and problems arise such as security, authenticity, reliability, and scalability. Based on that and taking into account the anticipated evolution of the IoT, it is extremely vital not only to maintain but to increase confidence in and reliance on IoT systems by tackling the aforementioned issues. The emergence of blockchain opened the door to solve some challenges related to IoT networks. Blockchain characteristics such as security, transparency, reliability, and traceability make it the perfect candidate to improve IoT systems, solve their problems, and support their future expansion. This paper demonstrates the major challenges facing IoT systems and blockchain's proposed role in solving them. It also evaluates the position of current researches in the field of merging blockchain with IoT networks and the latest implementation stages. Additionally, it discusses the issues related to the IoT-blockchain integration itself. Finally, this research proposes an architectural design to integrate IoT with blockchain in two layers using dew and cloudlet computing. Our aim is to benefit from blockchain features and services to guarantee a decentralized data storage and processing and address security and anonymity challenges and achieve transparency and efficient authentication service.

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Section: Smart Contract and Its Potential For Iot-blockchain Integrationmentioning

confidence: 99%

Section: Smart Contract and Its Potential For Iot-blockchain Integrationmentioning

confidence: 99%

Section: Smart Contract and Its Potential For Iot-blockchain Integrationmentioning

confidence: 99%

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A Survey on the Integration of Blockchain With IoT to Enhance Performance and Eliminate Challenges

2021

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“…Thus, this contract is stored in a public database and cannot be changed. By using Smart contracts, parties are able to exchange money, property, stocks or anything transparently, without conflict and without intermediaries [6]. Smart contracts are almost the same as conventional contracts i.e.…”

Section: Introductionmentioning

confidence: 99%

“…This transaction will then be executed by each consensus node in the network to achieve a consensus on its output. Because Smart contracts are transparent in the blockchain, it will be distributed in the network [9]. It is going to be a lot of people to see and validate the contracts that have been made.…”

Section: Introductionmentioning

confidence: 99%

Smart Contracts to Support the Advancement of Blockchain Technology in the Security Integrity

wati¹

2020

conferenceseries

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The development of technology today is used as a benchmark in the advancement of the industrial world where the development of technology has influenced various aspects in the life of today's society. Smart contracts as one form of blockchain technology that resembles a conventional contract can be used to bind agreements between one party and another. One difference between a smart contract and a conventional contract is the smart contract that is stored in the blockchain. With the presence of smart contracts on the blockchain has become one of the most sought-after technologies, because the number of users is high enough for each transaction within the company. In this case various features of smart contracts applications in various worlds, ranging from financial services, life sciences, energy resources and media voting. Smart contracts still pose a lot of challenges that overwhelm the interaction of some Parties, such as users, developers, and organizations built on smart contracts. Smart contracts are essentially a very effective source of problem solvers, where smart contracts on the blockchain make it easy to maintain data security, and save costs and time. In addition, in the absence of third parties strongly minimizes the fraud that is often done by irresponsible parties, this prevents conflicts between parties. Prone to cases of loss of a document is generated because there is no secure storage media. The advent of smart contracts on the blockchain is expected to be a solution to tackle most of the world's commercial and bureaucratic systems.

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A survey: Making “Smart Contracts” really smart

Timuçin

Biroğul

2021

Trans Emerging Tel Tech

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Blockchain technology is a distributed data recording system developed to monitor and secure all encrypted transactions with the shortest identification. Blockchain technology made a name for itself in 2008. However, the real development of this technology has been realized with use of smart contracts in Blockchain technology. In the cryptocurrency world, a smart contract can be defined as an application or program running on the Blockchain. They operate as digital deals that have to comply with certain rules. These rules are predetermined by computer codes and then copied and implemented by the servers in the entire network. The use of the word "smart" as a term in smart contracts comes from the fact that it is not made manually and is realized digitally. In this study, it is aimed to contribute to future studies in the transformation of smart contracts into real "smart" contract structures by applying artificial intelligence algorithms.

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LSC: Online auto-update smart contracts for fortifying blockchain-based log systems

Cited by 22 publications

References 11 publications

A Survey on the Integration of Blockchain With IoT to Enhance Performance and Eliminate Challenges

A Survey on the Integration of Blockchain With IoT to Enhance Performance and Eliminate Challenges

Smart Contracts to Support the Advancement of Blockchain Technology in the Security Integrity

A survey: Making “Smart Contracts” really smart

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