SMART CONTRACTS AS THE FOUNDATION FOR AUTOMATED DECISION-MAKING IN BLOCKCHAIN NETWORKS FOR IOT
Keywords:
data, sensors, activation, blockchain, process automation, network, logistics, banking services, internet of thingsAbstract
The article specifies aspects of automation of processes in IoT through smart contracts, for example, activation of actions based on real-time conditions (triggers), such as exceeding a given sensor threshold. The article selects methods of automation of solutions used in blockchain networks so that people can effectively understand their topic in our daily lives. Integration is becoming a necessity and blockchain technology has already allowed to create a worldwide network in which each transaction is verified and synchronized between many users. Blockchain technology contributes to the emergence of many smart contracts. The aim of the work is to investigate the automation of solutions in blockchain networks for IoT using smart contacts.A smart contract is a condition written in a computer language, upon execution of which the parties signing the smart contract exchange any assets: currency, real estate, shares, etc.Smart contracts will improve such areas of activity as logistics, online shopping, housing rental, banking services, which will lead to a synergistic effect not only in these industries, but also in the economy as a whole. In this article, it was proposed to use smart contacts as a basis for classifying and processing data for IoT. The novelty of the work is based on the application of smart contact technologies in the automation of blockchain networks. Research methods: Analysis and synthesis of literary sources, empirical data and blockchain application cases; system analysis and modeling to develop a conceptual model of a blockchain automated management system. The relevance of the work stems from the modern challenges of an urbanized society for people of an environment with sustainable development and the possibility of improving the quality of life in various aspects. The article will be of interest to scientists, engineers and specialists working in the field of automation of buildings and structures and, more generally, the automation of urban and municipal management.
References
Bashir, I. Mastering Blockchain: Deeper insights into decentralization, cryptography, Bitcoin, and popular Blockchain frameworks. Packt Publishing, 2018.
Tapscott, D., Tapscott, A. Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World. Penguin, 2016.
Friedlmaier, M., Tumasjan, A., Welpe, I. M. Disrupting Industries with Blockchain: The Industry, Venture Capital Funding, and Regional Distribution of Blockchain Ventures. Proceedings of the 51st Hawaii International Conference on System Sciences, 2018, pp. 3517–3526.
Frankenfield, J. Blockchain Technology: The Complete Guide. Investopedia. https://www.investopedia.com/articles/investing/042815/blockchain-technology-complete-guide.asp (дата звернення: 15.01.2025).
Chaum, D. Showing credentials without identification: Transferring signatures between unconditionally unlinkable pseudonyms. Available from the author.
Stuart Haber & W. Scott Stornetta. How to time-stamp a digital document. Journal of Cryptology. 1991. V. 3, pp. 99–111.
Bayer D., Haber S., Stornetta W.S. Improving the Efficiency and Reliability of Digital Time-Stamping. In: Capocelli R., De Santis A., Vaccaro U. (eds) Sequences II. Methods in Communication, Security, and Computer Science. Springer, New York, NY. 1993. P. 329–334.
Satoshi Nakamoto. Bitcoin: A Peer-to-Peer Electronic Cash System. URL: https:// bitcoin.org/bitcoin.pdf (дата звернення: 15.01.2025).
The Skills Companies Need Most in 2020 – And How to Learn Them. URL: https://learning.linkedin.com/blog/topskills/the-skills-companies-need-most-in- 2020and-how-to-learn-them (дата звернення: 15.01.2025).
Липницкий Д.В. Возможности и вызовы для блокчейн в новой индустриа- лизации. Економіка промисловості. 2019. № 1 (85). С. 82–100.
Огляд блокчейн індустрії в Україні. Травень 2019, Київ. Асоціація Блок-чейн України. URL: https://bau.ai/wp-content/uploads/2019/05/Overview-of-the- blockchain-industry-in-Ukraine.pdf. (дата звернення: 15.01.2025).
Rostamy, R., & Nilsson, E. Blockchain Technology and GDPR Compliance: Can They Be Reconciled? European Journal of Law and Technology, 2020, 11(1). Retrieved from https://ejlt.org/index.php/ejlt/article/view/730
Surianarayanan C., Chelliah P. R. Disaster Recovery // In: Essentials of Cloud Computing, August 2019. – DOI: 10.1007/978-3-030-13134-0_12.
Gartner Top 10 Strategic Technology Trends for 2020. URL: https://www. gartner.com/smarterwithgartner/gartner-top10-strategic-technology-trends-for-2020/ (дата звернення 15.01.2025).
Deloitte Insights. «Blockchain in Accounting: Opportunities and Challenges.» – Onlayn manba, 2022.
Стратегія розвитку фінансового сектору України до 2025 року. URL: https://bank.gov.ua/admin_uploads/article/Strategy_FS_2025.pdf. (дата звернення: 15.01.2025).
