Distributed and Adversarial Resistant Workflow Execution on the Algorand Blockchain

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We provide a practical translation from the Dynamic Condition Response (DCR) process modelling language to the Transaction Execution Approval Language (TEAL) used by the Algorand blockchain. Compared to earlier implementations of business process notations on blockchains, particularly Ethereum, the present implementation is four orders of magnitude cheaper. This translation has the following immediate ramifications: (1) It allows decentralised execution of DCR-specified business processes in the absence of expensive intermediaries (lawyers, brokers) or counterparty risk. (2) It provides a possibly helpful high-level language for implementing business processes on Algorand. (3) It demonstrates that despite the strict limitations on Algorand smart contracts, they are powerful enough to encode models of a modern process notation.

OriginalsprogEngelsk
TitelFinancial Cryptography and Data Security. FC 2022 International Workshops - CoDecFin, DeFi, Voting, WTSC, Revised Selected Papers
RedaktørerShin’ichiro Matsuo, Lewis Gudgeon, Daniel Perez Hernandez, Sam Werner, Ariah Klages-Mundt, Thomas Haines, Aleksander Essex, Andrea Bracciali, Massimiliano Sala
Antal sider15
ForlagSpringer
Publikationsdato2023
Sider583-597
ISBN (Trykt)9783031324147
DOI
StatusUdgivet - 2023
Begivenhed26th International Conference on Financial Cryptography and Data Security, FC 2022 - Saint George, Grenada
Varighed: 2 maj 20226 maj 2022

Konference

Konference26th International Conference on Financial Cryptography and Data Security, FC 2022
LandGrenada
BySaint George
Periode02/05/202206/05/2022
NavnLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Vol/bind13412 LNCS
ISSN0302-9743

Bibliografisk note

Publisher Copyright:
© 2023, International Financial Cryptography Association.

ID: 393989948