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Smart Contract Microservitization

  • Beihang University

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

Abstract

A smart contract is a computable protocol that automatically enforces contract terms in a computer, transforming real-world contract terms into digital promises of the virtual world. Early smart contracts have been stuck in the theoretical phase due to the lack of a credible execution environment and the means to control digital assets. With the emergence of blockchain technology, it has solved the problems mentioned above. Smart contracts are stored on blockchain, ensuring the credibility of contract execution through the joint execution of contracts by the various nodes in the blockchain network. However, the current technology of blockchain-based smart contracts is still not mature enough and faces many major challenges. Among them, the extensibility and performance of smart contracts are the most important and most concerned ones. This paper studies the extensibility and performance of smart contracts by combining blockchain-based smart contracts with cloud technologies to address the extensibility and performance issues of smart contracts. Combined with micro-service technology, a new type of smart contract architecture is proposed, and then the key technologies in each layer of the architecture are further studied.

Original languageEnglish
Title of host publicationProceedings - 2020 IEEE 44th Annual Computers, Software, and Applications Conference, COMPSAC 2020
EditorsW. K. Chan, Bill Claycomb, Hiroki Takakura, Ji-Jiang Yang, Yuuichi Teranishi, Dave Towey, Sergio Segura, Hossain Shahriar, Sorel Reisman, Sheikh Iqbal Ahamed
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages1569-1574
Number of pages6
ISBN (Electronic)9781728173030
DOIs
StatePublished - Jul 2020
Event44th Annual IEEE Computers, Software, and Applications Conference, COMPSAC 2020 - Virtual, Online, Spain
Duration: 13 Jul 202017 Jul 2020

Publication series

NameProceedings - 2020 IEEE 44th Annual Computers, Software, and Applications Conference, COMPSAC 2020

Conference

Conference44th Annual IEEE Computers, Software, and Applications Conference, COMPSAC 2020
Country/TerritorySpain
CityVirtual, Online
Period13/07/2017/07/20

Keywords

  • BaaS
  • Blockchain
  • Micro-service
  • Smart Contract

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