Smart Contracts: A Preliminary Evaluation
30 Pages Posted: 10 Feb 2016 Last revised: 9 Jul 2016
Date Written: December 8, 2015
La versione italiana di questo documento è disponibile al seguente link: http://ssrn.com/abstract=2729545.
In 2008 the Bitcoin protocol has introduced a new way to transfer rights: the blockchain model, a method combining mathematical algorithms in order to secure rights in transferable digital string. One of the implementations of that system is represented by smart contracts, a model that is still to be defined in technical and legal details. The scheme turns specific contractual provisions in executable digital codes, designed for self execution in a Bitcoin derived blockchain system. This paper proposes a preliminary evaluation based on the state of the art.
Keywords: blockchain protocols, digital currency, smart contracts, bitcoin, namecoin, colored coins
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