Reference : Law as a Service (LaaS): Enabling Legal Protection over a Blockchain Network
Scientific congresses, symposiums and conference proceedings : Paper published in a book
Engineering, computing & technology : Computer science
http://hdl.handle.net/10993/32616
Law as a Service (LaaS): Enabling Legal Protection over a Blockchain Network
English
Wasim, Muhammad Umer mailto [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > >]
Ibrahim, Abdallah Ali Zainelabden Abdallah mailto [University of Luxembourg > Faculty of Science, Technology and Communication (FSTC) > Computer Science and Communications Research Unit (CSC) >]
Bouvry, Pascal mailto [University of Luxembourg > Faculty of Science, Technology and Communication (FSTC) > Computer Science and Communications Research Unit (CSC) >]
Limba, Tadas mailto [Mykolas Romeris University > Digital and Creative Industries LAB]
2017
14th International Conference on Smart Cities: Improving Quality of Life using ICT & IoT (HONET-ICT 17), October 09-11, Irbid Jordan.
Yes
14th International Conference on Smart Cities: Improving Quality of Life using ICT & IoT (HONET-ICT 17)
October 09-11
Irbid
Jordan
[en] blockchain ; smart contract ; contract law ; breach of contract ; court injunction ; unsupervised machine learning ; factor analysis ; stochastic modeling ; structural equation modeling
[en] Breaches in online contracts (Service Level Agreements, SLAs) are usually compensated by gift vouchers at present, however as the online contracts emerge towards smart contracts, the breaches could potentially lead to court injunctions over blockchains. This research proposes Probability based Factor Model (PFM) that can be implemented over the blockchain to automatically identify breaches that can cause substantial damage and have high probability for recurrence. PFM can also issue court injunctions for the breaches. The underlying concept in PFM is built upon the notion of factor analysis and stochastic modeling from the discipline of Data Science. High performance computing (HPC) cluster at University of Luxembourg (HPC @ Uni.lu) and docker (a software container platform) were used to emulate contractual environment of three service providers: Redis, MongoDB, and Memcached Servers. The results showed that court injunction(s) was issued only for Redis and MongoDB Servers. Technically, this difference could be attributed to the fact that Memcached is simply used for caching and therefore, it is less prone to breach of contract. Whereas, Redis and MongoDB as databases and message brokers are performing more complex operations and are more likely to cause a breach. This research will benefit enterprises that view breach of contract as a limiting factor for implementation of smart contract in cyber physical system or internet of things.
Researchers ; Professionals ; Students ; General public
http://hdl.handle.net/10993/32616

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