FSCBlock: Designing financial smart contracts on permissioned and public blockchains
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Date
2019-04-01
Authors
Vinayak, Muskan
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Abstract
Blockchain technology, though still at its infancy, is disrupting current business models
by making intermediary services obsolete and the term has become a buzzword
worldwide. A lot of research is going on to harness its full potential in many fronts
from small to large corporate businesses. Currently, the Collateral Contract Services
(CCS) are manually processed in financial institutions. The main objective of this
research is to choose the most appropriate financial instrument, specifically derivatives,
for CCS and allow its automated trading using Blockchain technology, which
we have achieved on two prominent Blockchain platforms. In the first part of the
thesis, formulating one of the derivatives, options, as a smart contract has been studied,
wherein I have successfully generated and analyzed an options smart contract
for Ethereum (public). Then, in the second part of the thesis, designing a Chaincode
for CCS is researched using Hyperledger Fabric (permissioned), maintaining a
transparent distributed ledger for the CCS between financial institutions.
Description
Keywords
Collateral Contract Services, Smart contracts, Blockchain, Hyperledger Fabric, Ethereum
Citation
Analyzing Financial Smart Contracts for Blockchain - Muskan Vinayak; Har Amrit Pal Singh Panesar; Saulo dos Santos; Ruppa K. Thulasiram; Parimala Thulasiraman; S.S. Appadoo - IEEE Cybermatics 2018 - International Conference on Blockchain, July 2018, Halifax, Canada.