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.
Originalsprog | Engelsk |
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Titel | Financial Cryptography and Data Security. FC 2022 International Workshops - CoDecFin, DeFi, Voting, WTSC, Revised Selected Papers |
Redaktører | Shin’ichiro Matsuo, Lewis Gudgeon, Daniel Perez Hernandez, Sam Werner, Ariah Klages-Mundt, Thomas Haines, Aleksander Essex, Andrea Bracciali, Massimiliano Sala |
Antal sider | 15 |
Forlag | Springer |
Publikationsdato | 2023 |
Sider | 583-597 |
ISBN (Trykt) | 9783031324147 |
DOI | |
Status | Udgivet - 2023 |
Begivenhed | 26th International Conference on Financial Cryptography and Data Security, FC 2022 - Saint George, Grenada Varighed: 2 maj 2022 → 6 maj 2022 |
Konference
Konference | 26th International Conference on Financial Cryptography and Data Security, FC 2022 |
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Land | Grenada |
By | Saint George |
Periode | 02/05/2022 → 06/05/2022 |
Navn | Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) |
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Vol/bind | 13412 LNCS |
ISSN | 0302-9743 |
Bibliografisk note
Publisher Copyright:
© 2023, International Financial Cryptography Association.
ID: 393989948