scholarly journals Smart Contracts and Transaction Costs

2018 ◽  
Author(s):  
Massimiliano Vatiero
Keyword(s):  
Transaction Costs ◽  
Smart Contracts

scholarly journals Introduction of the distributed registry technology into the company’s management system

2018 ◽  
Vol 212 ◽  
pp. 09013
Author(s):  
Nikolay Mrochkovsky
Keyword(s):  
Transaction Costs ◽  
Hierarchical Structure ◽  
Management System ◽  
Smart Contracts ◽  
Organization And Management ◽  
Commercial Organization ◽  
P2p Technology

The technology of the distributed registry creates new opportunities for changing the management system, which are discussed in the article. The use of the blockchain allows building a decentralized autonomous commercial organization on a network basis. With the help of p2p technology, it is possible to radically reorganize the structure of organization and management, and reduce the management and transaction costs inherent in the traditional hierarchical structure of the firm. The analysis of the steps by means of which real enterprises can be transferred to the blockchain is provided, and the role of smart contracts is analyzed.

Blockchain and institutional complexity: an extended institutional approach

2020 ◽  
Vol 17 (1) ◽  
pp. 21-36 ◽  
Author(s):  
Daniil Frolov
Keyword(s):  
Transaction Costs ◽  
Institutional Economics ◽  
Homogeneous System ◽  
Smart Contracts ◽  
Institutional Approach ◽  
Private And Public ◽  
Transaction Services ◽  
New Generation ◽  
Transaction Value

AbstractFrom a modern institutional economics viewpoint, blockchain is an institutional technology that minimizes transaction costs and greatly reduces intermediation. Through an analysis of blockchain, I demonstrate the possibilities of extended institutional approach – a new generation of complexity-focused methodologies and theories of institutional analysis that complement and expand the standard institutional paradigm. By using the theory of transaction value, I argue blockchain technologies not only will lead to a significant reduction in transaction costs but will also reorient intermediaries toward improving the quality of transactions and expanding the offer of additional transaction services. The theory of institutional assemblages indicates it is impossible to form a homogeneous system of blockchain-based institutions associated exclusively with the principles of decentralization, transparency, and openness. Blockchain-based institutions will be of a hybrid and conflicting nature, combining elements of opposing institutional logics – regulatory and algorithmic law, Ricardian and smart contracts, private and public systems, and uncontrollability and arbitration.

Smart Contract and Collaborative Platforms

2022 ◽  
pp. 104-127
Author(s):  
Émilie Boily
Keyword(s):  
Transaction Costs ◽  
Recent Article ◽  
New Technologies ◽  
Smart Contracts ◽  
Online Platforms ◽  
Smart Contract ◽  
Technological Advances ◽  
Managerial Implications ◽  
Digital Processes ◽  
User Trust

The collaborative economy (CE) involves an intensification of peer-to-peer commerce either directly or through the presence of an intermediary. Collaborative online exchanges are supported by digital processes that involve increased use of new technologies. As an intrinsically connected economy, the EC is therefore inclined to integrate the most recent technological advances, in particular smart contracts. In a recent article, Ertz and Boily raised that this technology can have important impacts for the development of the CE the intensification of exchanges between peers. This chapter consists of a conceptual review analyzing how the CE connects to smart contract technology by observing in particular the motivations of users on digital sharing platforms. The chapter also presents the organizational and managerial implications associated with the implementation of smart contracts in terms of governance, transaction costs, and user trust on collaborative online platforms. A comparison with conventional contracts is also initiated.

scholarly journals Applications of Blockchain in Taxation: New Administrative Opportunities

Webology ◽  
2021 ◽  
Vol 18 (Special Issue 04) ◽  
pp. 442-452
Author(s):  
Larisa Petrovna Grundel ◽  
Irina Aleksandrovna Zhuravleva ◽  
Olga Valentinovna Mandroshchenko ◽  
Anastasia Viktorovna Kniazeva ◽  
Yulia Yurevna Kosenkova
Keyword(s):  
Cost Effectiveness ◽  
Transaction Costs ◽  
Transfer Pricing ◽  
Fraud Detection ◽  
The State ◽  
Tax Administration ◽  
Smart Contracts ◽  
Tax System ◽  
Blockchain Technology ◽  
Data Structuring

The purpose of this article is to consider the prospects of using blockchain technology in taxation. The article discusses the essence of blockchain and its possible implementation in the tax system. The study focuses on the benefits of blockchain as one of the most promising methods of improving and simultaneously simplifying the tax system for both the state and taxpayers. The main focus of the study was on the specifics of the implementation of blockchain in tax administration, for example, data structuring, cost-effectiveness, security (fraud detection), decentralized accounting technology (transparency), verification of transfer pricing, and the use of smart contracts. Blockchain can reconstruct accounting and automate the method of payments, transfers, and asset accounting. In the conclusions, the authors identify such potential advantages of implementing blockchain in tax administration as reducing transaction costs, faster, more transparent, and efficient taxation function.

THE TRANSFORMATION OF THE INSTITUTION OF COPYRIGHT IN THE DIGITAL ENVIRONMENT

2019 ◽  
pp. 49-56
Author(s):  
Svetlana Kodaneva ◽  
Keyword(s):  
Open Access ◽  
Transaction Costs ◽  
Digital Technologies ◽  
Smart Contracts ◽  
Digital Environment

The article is devoted to the analysis of the prospects of development of copyright in the conditions of rapidly growing opportunities of modern digital technologies that allow to place millions of objects in the open access instantly and freely. As a result - it is impossible for authors to control the legality of the use of their works, and for users to access them legally and with minimal transaction costs. The potential opportunities and risks of using blockchain technologies and smart contracts to protection copyright and dispose of them are analyzed, as well as proposals for amendments to the current legislation are formulated.

scholarly journals A Peer-to-peer Purchase and Rental Smart Contract-based Application (PuRSCA)

2018 ◽  
Vol 60 (5-6) ◽  
pp. 307-320 ◽  
Author(s):  
Sina Rafati Niya ◽  
Florian Schüpfer ◽  
Thomas Bocek ◽  
Burkhard Stiller
Keyword(s):  
Transaction Costs ◽  
Data Transmission ◽  
Communication Protocol ◽  
Peer To Peer ◽  
D2d Communication ◽  
Security And Privacy ◽  
Smart Contracts ◽  
Design And Implementation ◽  
Smart Contract ◽  
Cost Efficient

Abstract This work introduces the design and implementation of an Android-based Peer-to-peer Purchase and Rental Application termed PuRSCA, which leverages Smart Contracts (SC) and the Ethereum public blockchain (BC). As a Device-to-device (D2D) communication protocol, WiFi-Direct is chosen to enable the P2P data transmission between two parties. This work results in a cost-efficient, secure, SC-based, P2P, and Decentralized application (Dapp). Evaluations on performance of this Dapp is specified in terms of its D2D deployment, transaction costs, scalability, security, and privacy.

scholarly journals Smart contract model for complex reality transaction

2019 ◽  
Vol 3 (2) ◽  
pp. 184-197
Author(s):  
Tianyu Feng ◽  
Xiao Yu ◽  
Yueting Chai ◽  
Yi Liu
Keyword(s):  
Transaction Costs ◽  
Decomposition Method ◽  
Design Methodology ◽  
Smart Contracts ◽  
Single Application ◽  
Content Type ◽  
Operation Mechanism ◽  
Smart Contract ◽  
Transaction Efficiency ◽  
Application Scope

Purpose The application of smart contract can greatly reduce transaction costs and improve transaction efficiency. The existing smart contract are expensive, single application scenario and inefficient. This paper aims to propose a new smart contract model to solve these problems. Design/methodology/approach By investigating the research history, models and platforms, this paper summarizes the shortcomings of existing smart contracts. Based on the content and architecture of traditional contract, a smart contract model with wider application scope is designed. Findings In this paper, several models are used to describe the operation mechanism of smart contracts. To facilitate computer execution, a decomposition method is proposed, which divides smart contracts into several sub-contracts. Then, the advantages and deployment methods of smart contract are discussed. On this basis, a specific example is given to illustrate how the application of smart contract will change our life. Originality/value Smart contract is gradually applied to more fields. In this paper, the structure and operation mechanism of smart contract system in reality are given, which will be beneficial to the application of smart contract to more complex systems.

Sign in / Sign up

Export Citation Format

Share Document