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Modeling Smart Contracts Activities: A Tensor Based Approach

NCJ Number
306191
Author(s)
Jeremy Charlier; Radu State; Jean Hilger
Date Published
2019
Length
7 pages
Annotation

This paper proposes a new approach for modeling “smart” contracts activities that leverages stochastic processes for series predictions based on the tensor decomposition that can be used for smart contracts predictive analytics.

Abstract

Smart contracts are autonomous software executing predefined conditions. Two of the biggest advantages of the smart contracts are secured protocols and transaction costs reduction. On the Ethereum platform, an open-source blockchain-based platform, smart contracts implement a distributed virtual machine on the distributed ledger. To avoid denial of service attacks and monetize the services, payment transactions are executed whenever code is being executed between contracts. It is thus natural to investigate if predictive analysis is capable to forecast these interactions. The authors have addressed this issue and propose an innovative application of the tensor decomposition CANDECOMP/PARAFAC to the temporal link prediction of smart contracts. (Published abstract provided)