scholarly journals Smart Contract Innovation and Blockchain-Based Tokenization in Higher Education

2021 ◽  
Vol 5 (4) ◽  
pp. 636
Author(s):  
I Ketut Gunawan ◽  
Ninda Lutfiani ◽  
Qurotul Aini ◽  
Fitria Marwati Suryaman ◽  
Abas Sunarya
Keyword(s):  
Data Security ◽  
Third Parties ◽  
Smart Contracts ◽  
Security Guards ◽  
Testing Method ◽  
Review Analysis ◽  
Smart Contract ◽  
Transaction Process ◽  
Valid Data ◽  
The Right

Blockchain which includes smart contract and tokenization features is the latest technology in the world, especially Indonesia. Smart contracts and tokenization make it very easy for users and can maintain valid data security, but there are still many universities that have not implemented the system so they have to involve many parties and costs. The problem taken in this study is the payment process for transactions such as credit and data processing that is vulnerable to illegal data leakage. This study aims to develop a smart contract system and blockchain tokenization in universities in the payment transaction process. The method used in this research is literature review analysis and testing method. The implementation of smart contracts and tokenization can replace third parties as security guards of transaction data with all Blockchain users paying attention and ensuring the integrity of the entire process and activity. This of course can avoid problems that arise from the presence of third parties in the transaction process. So it can be concluded that the implementation of smart contracts and Blockchain tokenization in payment transactions is the right solution to be applied in the payment transaction process at universities.

scholarly journals Penerapan Blockchain dengan Integrasi Smart Contract pada Sistem Crowdfunding

2021 ◽  
Vol 5 (1) ◽  
pp. 148-154
Author(s):  
Fiqar Aprialim ◽  
Adnan ◽  
Ady Wahyudi Paundu
Keyword(s):  
Data Security ◽  
Black Box ◽  
Third Parties ◽  
Third Party ◽  
Testing Method ◽  
Smart Contract ◽  
Black Box Testing ◽  
Decentralized Architecture ◽  
Centralized System

The existing crowdfunding platforms still operate using centralized system. While centralized system can operate well, it requires a third party intermediary in order to operate and thus does not completely provide data security and transparency of crowdfunding activities. In addition, the existence of a third party intermediary in a crowdfunding activity also causes the existing processing costs to be expensive. Therefore, the crowdfunding system needs to be built in a decentralized manner so that it eliminates the need for third parties as intermediaries in the crowdfunding process. This study proposes a prototype of decentralized crowdfunding system using Ethereum blockchain and smart contract technology. The result of system functionality test using black box testing method shows that all functionality of the crowdfunding system can run properly while operate in decentralized architecture.  

scholarly journals Secured Insurance Framework Using Blockchain and Smart Contract

2021 ◽  
Vol 2021 ◽  
pp. 1-11
Author(s):  
Abid Hassan ◽  
Md. Iftekhar Ali ◽  
Rifat Ahammed ◽  
Mohammad Monirujjaman Khan ◽  
Nawal Alsufyani ◽  
...  
Keyword(s):  
Data Storage ◽  
Consensus Algorithm ◽  
Smart Contracts ◽  
Insurance Policy ◽  
Security Issues ◽  
Insurance Contracts ◽  
Smart Contract ◽  
Transaction Process ◽  
Single Person ◽  
Contract Implementation

Traditional insurance policy settlement is a manual process that is never hassle-free. There are many issues, such as hidden conditions from the insurer or fraud claims by the insured, making the settlement process rough. This process also consumes a significant amount of time that makes the process very inefficient. This whole scenario can be disrupted by the implementation of blockchain and smart contracts in insurance. Blockchain and innovative contract technology can provide immutable data storage, security, transparency, authenticity, and security while any transaction process is triggered. With the implementation of blockchain, the whole insurance process, from authentication to claim settlement, can be done with more transparency and security. A blockchain is a virtual chain of data blocks that is a decentralized technology. Any transaction or change in the blocks is done after the decentralized validator entity, not a single person. The smart contract is a unique facility stored on the blockchain that gets executed when the predetermined conditions are met. This paper presents a framework where smart contracts are used for insurance contracts and stored on blockchain. In the case of a claim, if all the predetermined conditions are met, the transaction happens; otherwise, it is discarded. The conditions are immutable. That means there is scope for alteration from either side. This blockchain and intelligent contract-based framework are hosted on a private Ethereum network. The Solidity programming language is used to create smart contracts. The framework uses the Proof of Authority (PoA) consensus algorithm to validate the transactions. In the case of any faulty transaction request, the consensus algorithm acts according to and cancels the claim. With blockchain and smart contract implementation, this framework can solve all the trust and security issues that rely on a standard insurance policy.

scholarly journals A Decentralized, Secure, Peer-to-Peer Multi-Voting System on Ethereum Blockchain

2021 ◽  
Vol 9 (10) ◽  
pp. 1354-1359
Author(s):  
Ashmita Pandey
Keyword(s):  
Electoral System ◽  
Peer To Peer ◽  
Third Parties ◽  
Smart Contracts ◽  
Time Loss ◽  
Consensus Protocol ◽  
Distributed Ledger ◽  
Smart Contract ◽  
Distributed Ledger Technology ◽  
Voting System

Abstract: A decentralised, Secure, Peer-to-Peer Multi-Voting System on Ethereum Blockchain is a distributed ledger technology (DLT) that permits virtual votes to be transacted in a peer-to-peer decentralized network. Those transactions are validated and registered through every node of the network, so creating a transparent and immutable series of registered events whose truthfulness is supplied through a consensus protocol. Smart contract automates the execution of agreement that runs routinely as soon as the conditions are satisfied. Smart contract would not need any third parties consequently prevents time loss. By Eliminating the requirement for third parties, consequently, allows numerous processes to be extra efficient and economical. The system is secure, reliable, and anonymous. Smart contract is enforced for the Ethereum network using the Ethereum wallets and also the Solidity language. Users are capable of submit their votes immediately from their Ethereum wallets, and those transaction requests is handled with the consensus of each single Ethereum node. This creates a transparent environment for evoting. A lot of concerning efficiency of the peer-to-peer decentralized electoral system on Ethereum network along with application and the outcomes of implementation are provided in this paper. Keywords: Blockchain, Distributed Ledger Technology (DLT), Consensus Protocol, Smart Contracts, Ethereum, Solidity

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

2020 ◽  
Vol 2 (11) ◽  
pp. 31-39
Author(s):  
Sulistiawati Wati
Keyword(s):  
Data Security ◽  
Financial Services ◽  
Energy Resources ◽  
Smart Contracts ◽  
Secure Storage ◽  
Blockchain Technology ◽  
Storage Media ◽  
Smart Contract ◽  
Problem Solvers ◽  
Effective Source

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.  

scholarly journals Fundraising Portal using Smart Contracts in Blockchain using Group Signatures

2020 ◽  
Vol 9 (4) ◽  
pp. 531-533
Keyword(s):  
Smart Contracts ◽  
Authentication Mechanism ◽  
Smart Contract ◽  
Group Signatures ◽  
Innovative Idea ◽  
Right To Vote ◽  
Security Concerns ◽  
The Right

Generally, to make a campaign,startup, or any innovative idea successful requires some amount of donation. Fundraising or let us say Crowdfunding is an efficient way to raise money for your ideas, campaigns, startups etc. There are a lot of platforms available online and they provide space for setting up your own campaign so that you can gets funds for your campaign. people can go and contribute to any idea they like and get benefit from the pledge that you make. Certainly, there are lot of drawbacks to this model. There is no transparency and no assurance that your money is being put to the right use, there are charges to use the platform and many other issues. We try to over come these issues by making a fundraising platform using smart contract in solidity. This will be more secure as it uses Ethereum blockchain to make all the transactions and all the transactions are ethereum based. Not only this but the contributors have the right to vote for a transaction and only when a minimum consensus is achieved the requested transaction can be made.Contributors can have their own pool of contributors which can be achieved by multi-signature wallet.By creating a multisigned wallet , there will be two factor authentication mechanism to access funds, which are related more to security concerns. This not only enables a transparent transaction but also develops trust in the users of the platform. This not only resolves major drawbacks faced in the current live non blockchain based platforms like Kickstarter but also brings in more efficient platform to serve the purpose.”

scholarly journals Application of Blockchain Technology in Smart Contracts: A Systematic Literature Review

2020 ◽  
Vol 2 (2) ◽  
pp. 160-166
Author(s):  
Zaleha Fauziah ◽  
Haznah Latifah ◽  
Xavier Omar ◽  
Alfiah Khoirunisa ◽  
Shofiyul Millah
Keyword(s):  
Data Security ◽  
Financial Services ◽  
Computer Network ◽  
New Technology ◽  
Smart Contracts ◽  
Program Code ◽  
Health History ◽  
Blockchain Technology ◽  
Transaction Process ◽  
Patient Health

Associated with the current development of the emergence of many technologies that have increased in the world, especially in industry, one of which is the blockchain which is a new technology that is undergoing drastic density, this technology has data that is difficult to manipulate so that the blockchain has data security very trusted, and every record of all the contents of the transaction data can be known from one server to another server so that both parties know each other what the activities are carried out. The recording of transactions in this blockchain technology is connected in one block that is secured directly by a computer network, the blockchain itself has several applications such as Cryptocurrency or can also be called digital currencies, and Smart Contracts. This Smart Contracts is an application owned by blockchain technology that carries out an agreement or digital agreement in the computer program code that is entrusted by both parties stored in the blockchain database, so that it cannot be changed by anyone or the help of other parties, then no longer needed entities that can be trusted in using Smart Contracts. These Smart Contracts help to process the exchange of money, shares and property. Currently there are many industries that use Smart Contracts, such as the business industry that records financial services, the health industry which records data on patient health history, even the insurance and government industries also use Smart Contracts, therefore the existence of Smart Contracts is useful to avoid an intermediary service so that a transaction process will be trtransparent.

Der Spielraum bei der Vermarktung von Waldleistungen ist eingeschränkt (Essay) | The scope for the commercialization of forest services is limited (essay)

2009 ◽  
Vol 160 (8) ◽  
pp. 228-231
Author(s):  
Hansruedi Walther
Keyword(s):  
Private Property ◽  
Legal Framework ◽  
Third Parties ◽  
Wood Products ◽  
Forest Owner ◽  
Free Access ◽  
School Class ◽  
Market Niche ◽  
The Right ◽  
Exclusive Right

A forest owner can only commercialize non-wood products and services within a tightly restricted market niche. On account of free access being permitted to the forest it is impossible to deny to third parties the consumption of many non-wood products and services: everybody has the right to be in the forest for recreation. As a result many non-wood services cannot be commercialized by the forest owner, or not exclusively. What would seem unthinkable elsewhere on private property seems to be taken for granted in the forest: third parties may take products from the forest and even sell them without being the forest owners. For certain nonwood services or products, such as the installation of rope parks or for burial in the forest, the organizer must conclude an agreement with the forest owner or draw up a contract for servitude or benefit. In addition, for these activities a permit from the Forestry Department is necessary. On the other hand, for an itinerant school class or for the production of forest honey neither a binding regulation with the forest owner nor a permit from the Forestry service is necessary, provided that no constructions are erected in the forest. The only exclusive right which remains to the forest owner, besides the sale of his property, is the exploitation of his trees within the legal framework.

Formation of Contract and Third Parties in Cambodia

2018 ◽  
Author(s):  
Ly Tayseng
Keyword(s):  
Academic Writing ◽  
Case Law ◽  
Civil Code ◽  
Third Parties ◽  
Third Party ◽  
The Third ◽  
Contract Formation ◽  
The Law ◽  
The Right ◽  
Formal Requirements

This chapter gives an overview of the law on contract formation and third party beneficiaries in Cambodia. Much of the discussion is tentative since the new Cambodian Civil Code only entered into force from 21 December 2011 and there is little case law and academic writing fleshing out its provisions. The Code owes much to the Japanese Civil Code of 1898 and, like the latter, does not have a requirement of consideration and seldom imposes formal requirements but there are a few statutory exceptions from the principle of freedom from form. For a binding contract, the agreement of the parties is required and the offer must be made with the intention to create a legally binding obligation and becomes effective once it reaches the offeree. The new Code explicitly provides that the parties to the contract may agree to confer a right arising under the contract upon a third party. This right accrues directly from their agreement; it is not required that the third party declare its intention to accept the right.

Accountability in Global Governance

2020 ◽  
Author(s):  
Gisela Hirschmann
Keyword(s):  
Human Rights ◽  
Global Governance ◽  
International Organizations ◽  
Third Parties ◽  
Human Rights Violations ◽  
The European Union ◽  
Economic Rights ◽  
The Right ◽  
Austerity Policy ◽  
Comprehensive Study

How can international organizations (IOs) like the United Nations (UN) and their implementing partners be held accountable if their actions and policies violate fundamental human rights? Political scientists and legal scholars have shed a much-needed light on the limits of traditional accountability when it comes to complex global governance. However, conventional studies on IO accountability fail to systematically analyze a related, puzzling empirical trend: human rights violations that occur in the context of global governance do not go unnoticed altogether; they are investigated and sanctioned by independent third parties. This book puts forward the concept of pluralist accountability, whereby third parties hold IOs and their implementing partners accountable for human rights violations. We can expect pluralist accountability to evolve if a competitive environment stimulates third parties to enact accountability and if the implementing actors are vulnerable to human rights demands. Based on a comprehensive study of UN-mandated operations in Afghanistan, Bosnia, and Kosovo, the European Union Troika’s austerity policy, and global public–private health partnerships in India, this book demonstrates how competition and human rights vulnerability shape the evolution of pluralist accountability in response to diverse human rights violations, such as human trafficking, the violation of the rights of detainees, economic rights, and the right to consent in clinical trials. While highlighting the importance of studying alternative accountability mechanisms, this book also argues that pluralist accountability should not be regarded as a panacea for IOs’ legitimacy problems, as it is often less legalized and might cause multiple accountability disorder.

Legally Enforceable Smart-Contract Languages

2021 ◽  
Vol 54 (5) ◽  
pp. 1-34
Author(s):  
Vimal Dwivedi ◽  
Vishwajeet Pattanaik ◽  
Vipin Deval ◽  
Abhishek Dixit ◽  
Alex Norta ◽  
...  
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
State Of The Art ◽  
Grey Literature ◽  
Smart Contracts ◽  
Smart Contract ◽  
Decentralized Autonomous Organizations

Smart contracts are a key component of today’s blockchains. They are critical in controlling decentralized autonomous organizations (DAO). However, smart contracts are not yet legally binding nor enforceable; this makes it difficult for businesses to adopt the DAO paradigm. Therefore, this study reviews existing Smart Contract Languages (SCL) and identifies properties that are critical to any future SCL for drafting legally binding contracts. This is achieved by conducting a Systematic Literature Review (SLR) of white- and grey literature published between 2015 and 2019. Using the SLR methodology, 45 Selected and 28 Supporting Studies detailing 45 state-of-the-art SCLs are selected. Finally, 10 SCL properties that enable legally compliant DAOs are discovered, and specifications for developing SCLs are explored.

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