Year: 2018
Type: conference-paper
Abstract: Blockchain technologies, such as smart contracts, present a unique interface for machine-to-machine communication that provides a secure, append-only record that can be shared without trust and without a central administrator. We study the possibilities and limitations of using smart contracts for machine-to-machine communication by designing, implementing, and evaluating AGasP, an application for automated gasoline purchases. We find that using smart contracts allows us to directly address the challenges of transparency, longevity, and trust in IoT applications. However, real-world applications using smart contracts must address their important trade-offs, such as performance, privacy, and the challenge of ensuring they are written correctly.
Authors: Yuichi Hanada, Luke Hsiao, Philip Levis
Institution: Stanford University
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W2806370953