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Event-Processing Model for Smart Contracts with Oracle and EEG

  • Xiaofang Jiang*
  • , Wei Tek Tsai
  • *Corresponding author for this work
  • Beihang University

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

In blockchain (BC) systems, smart contracts (SCs) often use a transaction-driven execution model. However, real-world financial applications are complex, and often driven by events instead. This paper presents an intelligent event-driven framework to automatically trigger SC execution by collecting event information, and classifying these events, and analyzing various relationship among these events, and use a service-model for SCs to register interested events so that when the concerned event happened, they can be automatically triggered. This paper uses oracle machines (OMs) to collect event information, EEG (Event Evolution Graph) to analyze relationship among events. This paper then uses multi-layer perceptron model to evaluate the design. This paper proposes a new method to solve the scalability and performance challenges in the SC ecosystem, which shows that the event-driven execution model would be more intelligent.

Original languageEnglish
Title of host publicationProceedings - 2022 International Conference on Machine Learning, Cloud Computing and Intelligent Mining, MLCCIM 2022
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages425-430
Number of pages6
ISBN (Electronic)9781665498586
DOIs
StatePublished - 2022
Event2022 International Conference on Machine Learning, Cloud Computing and Intelligent Mining, MLCCIM 2022 - Xiamen, China
Duration: 5 Aug 20227 Aug 2022

Publication series

NameProceedings - 2022 International Conference on Machine Learning, Cloud Computing and Intelligent Mining, MLCCIM 2022

Conference

Conference2022 International Conference on Machine Learning, Cloud Computing and Intelligent Mining, MLCCIM 2022
Country/TerritoryChina
CityXiamen
Period5/08/227/08/22

Keywords

  • Event Evolution Graph
  • event-driven model
  • perceptron model
  • smart contracts

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