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TRiC: Terms, RIghts and Conditions semantic descriptors for smart contracts

TRiC: Terms, RIghts and Conditions semantic descriptors for smart contracts
TRiC: Terms, RIghts and Conditions semantic descriptors for smart contracts
Smart Contracts have emerged as a novel way to automate the execution of contracts in a decentralised and secure environment, minimising the risk of breach or non-compliance. However, recent research points out that the same measures that secure Smart Contracts against disruption with the purpose of breach makes altering the terms, rights and conditions of contracts difficult. The same research proposes a set of standards inspired in paper-contract law that Smart Contract platforms should implement to enable Smart Contract Undo and Alteration. This paper is about preliminary work on describing terms, rights, and conditions of Smart Contracts as RDF documents linked to them, levering Semantic Web tools enabling: (i) Definition and checking of complex rights and conditions (ii) Separation of the terms of the contract from its execution logic. (iii) Querying and Updating via SPARQL (iv) Alteration of terms that were not initially considered as modifiable.
0302-9743
317-326
Springer
Ibanez, Luis-Daniel
65a2e20b-74a9-427d-8c4c-2330285153ed
Simperl, Elena
40261ae4-c58c-48e4-b78b-5187b10e4f67
Blomqvist, E.
Hose, K.
Paulheim, H.
Lawrynowicz, A.
Ciravegna, F.
Hartig, O.
Ibanez, Luis-Daniel
65a2e20b-74a9-427d-8c4c-2330285153ed
Simperl, Elena
40261ae4-c58c-48e4-b78b-5187b10e4f67
Blomqvist, E.
Hose, K.
Paulheim, H.
Lawrynowicz, A.
Ciravegna, F.
Hartig, O.

Ibanez, Luis-Daniel and Simperl, Elena (2017) TRiC: Terms, RIghts and Conditions semantic descriptors for smart contracts. Blomqvist, E., Hose, K., Paulheim, H., Lawrynowicz, A., Ciravegna, F. and Hartig, O. (eds.) In The Semantic Web: ESWC 2017 Satellite Events. vol. 10577, Springer. pp. 317-326. (doi:10.1007/978-3-319-70407-4_40).

Record type: Conference or Workshop Item (Paper)

Abstract

Smart Contracts have emerged as a novel way to automate the execution of contracts in a decentralised and secure environment, minimising the risk of breach or non-compliance. However, recent research points out that the same measures that secure Smart Contracts against disruption with the purpose of breach makes altering the terms, rights and conditions of contracts difficult. The same research proposes a set of standards inspired in paper-contract law that Smart Contract platforms should implement to enable Smart Contract Undo and Alteration. This paper is about preliminary work on describing terms, rights, and conditions of Smart Contracts as RDF documents linked to them, levering Semantic Web tools enabling: (i) Definition and checking of complex rights and conditions (ii) Separation of the terms of the contract from its execution logic. (iii) Querying and Updating via SPARQL (iv) Alteration of terms that were not initially considered as modifiable.

Text TRiC: Terms, RIghts and Conditions Semantic - Accepted Manuscript
Restricted to Repository staff only until 8 November 2018.
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More information

Accepted/In Press date: 31 March 2017
e-pub ahead of print date: 8 November 2017
Published date: 2017

Identifiers

Local EPrints ID: 416519
URI: https://eprints.soton.ac.uk/id/eprint/416519
ISSN: 0302-9743
PURE UUID: e29cb988-0eef-41ba-84ae-e077e958dd7e
ORCID for Elena Simperl: ORCID iD orcid.org/0000-0003-1722-947X

Catalogue record

Date deposited: 21 Dec 2017 17:30
Last modified: 06 Jun 2018 12:25

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Contributors

Author: Luis-Daniel Ibanez
Author: Elena Simperl ORCID iD
Editor: E. Blomqvist
Editor: K. Hose
Editor: H. Paulheim
Editor: A. Lawrynowicz
Editor: F. Ciravegna
Editor: O. Hartig

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