Programmable money: next-generation blockchain-based conditional payments

نویسندگان

چکیده

Abstract Conditional payments allow the transfer of money only when pre-defined rules hold. Example uses could include welfare payments, employee expenses, insurance payouts, or tied donations. Normally, conditions are checked manually in reimbursement pre-approval/audit processes, either at accounts before funds distributed, using account records after distribution. Blockchain’s capabilities for smart contract and digital assets can be used to implement next-generation conditional on a decentralized ledger. We conducted project with an industry partner where we conceptualized, implemented, evaluated novel programmable concept blockchain. In system, programmed policies not attached accounts, but instead itself. Policies here specify may spent, automatically by as it is spent. also define auxiliary actions taken part payment transactions, including side-payments. dynamically added removed from flows through economy. These budget funds, enable new forms “values-based money” that respect ethical other which relate societal values social norms. report some our experiences insights regarding blockchain architecture, software engineering blockchain, blockchain-based money. identify opportunities open research questions these areas.

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ژورنال

عنوان ژورنال: Digital finance

سال: 2022

ISSN: ['2524-6984', '2524-6186']

DOI: https://doi.org/10.1007/s42521-022-00059-5