We investigate financial contract management on distributed ledgers and provide a working solution implemented on the Ethereum block-chain. The system is based on a domain-specific language for financial contracts that is capable of expressing complex multi-party derivatives and is conducive to...

The promising markets for voluntary carbon credits are faced with crippling challenges to the certification of carbon sequestration and the lack of scalable market infrastructure in which companies and institutions can invest in carbon offsetting. This amounts to a funding problem for green...

A new type of Automated Market Makers (AMMs) powered by Blockchain technology keep liquidity on-chain and offer transparent price mechanisms. This innovation is a significant step in the direction of building a more transparent and efficient financial market. This paper explores analytically...

Systems that use blockchain technology to improve the know-your-customer (KYC) process have only been proposed at a conceptual level and all share certain attributes that make their adoption by financial institutions (FIs) very difficult. We propose and program a blockchain-based system that...

Most portfolio selection rules based on the sample mean and covariance matrix perform poorly out-of-sample. Moreover, there is a growing body of evidence that such optimization rules are not able to beat simple rules of thumb, such as 1/N. Parameter uncertainty has been identified as one major...

This paper presents a protocol for establishing a trust-less exchange system for digital assets on top of turing-complete blockchain technologies such as Ethereum. By combining smart contracts and digital signatures, we show how rules about asset trades can be enforced at low latency. These...

Recent years have seen rapid growth in IS scholarship addressing the efficacy and utility of blockchain technology in trade-processing and financial services. Numerous IS scholars encourage applied research into the ostensible synergies between the nascent technology and its various use cases....

We present a compact model for blind multiparty verification of compilation results. By employing a simple incentive scheme, we construct a mechanism, staking a deposit value on the correctness of compiled and deployed byte code. A blind committee of peers evaluate the authenticity of the...

Automated market makers (AMM) have grown to obtain significant market share within the cryptocurrency ecosystem, resulting in a proliferation of new products pursuing exotic strategies for horizontal differentiation. Yet, their theoretical properties are curiously homogeneous when a set of basic...

Decentralized financial application (DeFi) are a new type of consumer-facing financial application composed of as ‘smart contracts’ deployed on a permis- sionless blockchain. We situate the DeFi concept in the theoretical context of permissionless blockchain and provide a taxonomical...