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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 … terms from contract execution: a contract engine encapsulates the syntax and semantics of financial contracts without …
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, blockchain and “smart contracts” aim at decreasing monitoring and enforcement costs (i.e. the “costs of trust”). Thus, blockchain …) and improve market efficiency in clearing, settlement and transactions management. However, among others, blockchain and … on blockchain platforms …
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illusory. A role will continue to exist for the real-world contract governance institutions as a complement to blockchain … frameworks offered under contract law and the courts, which have developed ways to specifically address issues of contractual … incompleteness. Thus despite objectives for blockchain-governed institutional (or even constitutional) frameworks to operate as fully …
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Blockchain may transform transactions the same way the Internet altered the dissemination and nature of information. If … remedied.To this end, this article introduces the first taxonomy of collusion on blockchain. The discussion then moves on to … sophisticated algorithms to collude in the blockchain environment, thus contributing to the literature solely focused on algorithms …
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