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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...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2023
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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 |
_version_ | 1785080357317509120 |
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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. |
format | Online Article Text |
id | pubmed-10381090 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Public Library of Science |
record_format | MEDLINE/PubMed |
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 |
work_keys_str_mv | AT xiongwei financialinvestmenttrustmechanismbasedonsmartcontract AT wandanping financialinvestmenttrustmechanismbasedonsmartcontract |