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Smart Transactions

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  • Mielberg, Egger L.

Abstract

Fully realized ACCP-based (Atomicity, Consistency, Concurrency, Permanency) online transactions would allow, first, to connect and manage all associative input transactions to a single output transaction, second, to eliminate any third party that is not a participant of transaction contract, third, to fully automate an execution of multi-steps contracts with a possibility to track them on every step, fourth, to promptly identify and extract any transaction data, and fifth, to dynamically scale a transaction network proportionally to the amount of its active participants. We propose a mechanism that allow every single participant of the transaction network to dynamically manage any transaction on his or her own economic way.

Suggested Citation

  • Mielberg, Egger L., 2018. "Smart Transactions," OSF Preprints nrv5c, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:nrv5c
    DOI: 10.31219/osf.io/nrv5c
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