Formal Modeling of Smart Contract-based Trading System

Woong Sub Park, Hyuk Lee, Jin Young Choi

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

With the development of blockchain technology, the fields of use of smart contracts are diversifying. Blockchain-based smart contracts are suitable in areas where integrity and transparency must be guaranteed with distributed ledger technology as the core. However, once the system is deployed, it cannot be modified, so it is important to ensure that the system works with the requirements and principles of the smart contract at the design stage. Therefore, in this paper, we aim to show that the system is accurate without contradictions/errors through formal verification using UPPAAL, a formal verification tool for the public descending auction system (Dutch Auction).

Original languageEnglish
Title of host publication23rd International Conference on Advanced Communication Technology
Subtitle of host publicationOn-Line Security in Pandemic Era!, ICACT 2021 - Proceeding
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages48-52
Number of pages5
ISBN (Electronic)9791188428069
DOIs
Publication statusPublished - 2021 Feb 7
Event23rd International Conference on Advanced Communication Technology, ICACT 2021 - Virtual, PyeongChang, Korea, Republic of
Duration: 2021 Feb 72021 Feb 10

Publication series

NameInternational Conference on Advanced Communication Technology, ICACT
Volume2021-February
ISSN (Print)1738-9445

Conference

Conference23rd International Conference on Advanced Communication Technology, ICACT 2021
CountryKorea, Republic of
CityVirtual, PyeongChang
Period21/2/721/2/10

Keywords

  • Blockchain
  • Formal Specification
  • Formal Verification
  • Model Checking
  • Smart Contract

ASJC Scopus subject areas

  • Electrical and Electronic Engineering

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