Leverage Sidechains to Reduce the Workload of Smart Contracts through Parallelization

Magne Saetran; Jungwon Seo; Sooyong Park

doi:10.5626/jcse.2021.15.3.125

Leverage Sidechains to Reduce the Workload of Smart Contracts through Parallelization

Journal of Computing Science and Engineering ◽

10.5626/jcse.2021.15.3.125 ◽

2021 ◽

Vol 15 (3) ◽

pp. 125-133

Author(s):

Magne Saetran ◽

Jungwon Seo ◽

Sooyong Park

Keyword(s):

Smart Contracts

Download Full-text

Ist Blockchain eine Disruptive Technologie?: Welche Rolle spielen in Zukunft Smart Contracts?

kma - Das Gesundheitswirtschaftsmagazin ◽

10.1055/s-0036-1595092 ◽

2018 ◽

Vol 23 (03) ◽

pp. 69-69

Author(s):

Gregor Hohenberg

Keyword(s):

Smart Contracts

Die Digitalisierung ist mehr als ein technologischer Trend – sie verändert auch die Organisation im Krankenhaus. Daher ist dieses Thema zur Chefsache geworden. Schließlich geht es um die grundsätzlichen Geschäftsmodelle und daher um die Zukunftsfähigkeit der Einrichtung. Speziell die Blockchaintechnologie wirft grundsätzliche Fragen auf.

Download Full-text

Application of Blockchain in KYC Compliance

European Journal of Engineering Research and Science ◽

10.24018/ejers.2020.5.7.1973 ◽

2020 ◽

Vol 5 (7) ◽

pp. 781-784

Author(s):

Shashank R. B. ◽

Chirag Chhabra ◽

Nagaraj G. Cholli

Keyword(s):

Smart Contracts ◽

Advantages And Disadvantages ◽

Current Process ◽

Thomson Reuters

The current process of Know Your Customer (KYC) used by banks is time-consuming, expensive, and redundant in practice. A Thomson Reuters Research states that while banks globally spend around 60 million USD on an average, this number may go up to 500 million USD for some banks [1]. Hence, to improve the efficiency of this process, the use of a blockchain-based mechanism is suggested. The use of smart contracts also provides scope for adding features that cannot be achieved by the current process. The paper majorly discusses the advantages and disadvantages of using blockchain for performing KYC processes.

Download Full-text