A Contract Service Provider Model for Virtual Assets
Name
hardjono-p2pfisy-2020.pdf
Description
Accepted version
Size
1.59 MB
Format
Adobe PDF
Checksum (MD5)
4c17347e84d4d4e55ef1ed048977ad5d
Author(s)
Hardjono, Thomas
Lipton, Alexander
Pentland, Alex
Date Issued
2021
Journal
The Journal of FinTech
Publisher
World Scientific Pub Co Pte Ltd
Citation
Hardjono, Thomas, Lipton, Alexander and Pentland, Alex. 2021. "A Contract Service Provider Model for Virtual Assets." The Journal of FinTech, 01 (02).
Version
Author's final manuscript
Abstract
With the recent rise in the cost of transactions on blockchain platforms, there is a need to explore other service models that may provide a more predictable cost to customers and end-users. We discuss the Contract Service Provider (CSP) model as a counterpart of the successful Internet Service Provider (ISP) model. Similar to the ISP business model based on peered routing-networks, the CSP business model is based on multiple CSP entities forming a CSP Community or group offering a contract service for specific types of virtual assets. We discuss the contract domain construct which encapsulates well-defined smart contract primitives, policies and contract-ledger. We offer a number of design principles borrowed from the design principles of the Internet architecture.
MIT Department
Program in Media Arts and Sciences (Massachusetts Institute of Technology)
Terms of Use
Creative Commons Attribution-Noncommercial-Share Alike
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1142/S2705109921500048
