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Financial investment trust mechanism based on smart contract

In this paper, a financial investment trust solution based on smart contract is proposed to solve the distrust problem in financial investment caused by information asymmetry. By utilizing the functional attributes of blockchain-based smart contracts, the financial investment trust mechanism is esta...

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Detalles Bibliográficos
Autores principales: Xiong, Wei, Wan, Danping
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10381090/
https://www.ncbi.nlm.nih.gov/pubmed/37506077
http://dx.doi.org/10.1371/journal.pone.0287706
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author Xiong, Wei
Wan, Danping
author_facet Xiong, Wei
Wan, Danping
author_sort Xiong, Wei
collection PubMed
description In this paper, a financial investment trust solution based on smart contract is proposed to solve the distrust problem in financial investment caused by information asymmetry. By utilizing the functional attributes of blockchain-based smart contracts, the financial investment trust mechanism is established. By operating this mechanism, the financial investment information is received, stored, and processed, and the information is sent to the nodes in the blockchain. By devising the algorithms of "requesting financial investment service", "successful financial investment", "product contract fraud arbitration" and "investment contract fraud arbitration", the financial investment trust mechanism is achieved. By presenting the algorithms and their invoking processes, smart contracts for the solution are written and debugged. Finally, the smart contracts are tested and validated. The smart contract source code is available in GitHub.
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spelling pubmed-103810902023-07-29 Financial investment trust mechanism based on smart contract Xiong, Wei Wan, Danping PLoS One Research Article In this paper, a financial investment trust solution based on smart contract is proposed to solve the distrust problem in financial investment caused by information asymmetry. By utilizing the functional attributes of blockchain-based smart contracts, the financial investment trust mechanism is established. By operating this mechanism, the financial investment information is received, stored, and processed, and the information is sent to the nodes in the blockchain. By devising the algorithms of "requesting financial investment service", "successful financial investment", "product contract fraud arbitration" and "investment contract fraud arbitration", the financial investment trust mechanism is achieved. By presenting the algorithms and their invoking processes, smart contracts for the solution are written and debugged. Finally, the smart contracts are tested and validated. The smart contract source code is available in GitHub. Public Library of Science 2023-07-28 /pmc/articles/PMC10381090/ /pubmed/37506077 http://dx.doi.org/10.1371/journal.pone.0287706 Text en © 2023 Xiong, Wan https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Xiong, Wei
Wan, Danping
Financial investment trust mechanism based on smart contract
title Financial investment trust mechanism based on smart contract
title_full Financial investment trust mechanism based on smart contract
title_fullStr Financial investment trust mechanism based on smart contract
title_full_unstemmed Financial investment trust mechanism based on smart contract
title_short Financial investment trust mechanism based on smart contract
title_sort financial investment trust mechanism based on smart contract
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10381090/
https://www.ncbi.nlm.nih.gov/pubmed/37506077
http://dx.doi.org/10.1371/journal.pone.0287706
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