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Creation of Smart-Contracting Collaborations for Decentralized Autonomous Organizations

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Perspectives in Business Informatics Research (BIR 2015)

Part of the book series: Lecture Notes in Business Information Processing ((LNBIP,volume 229))

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Electronic communities of decentralized autonomous organizations (DAO) that engage in agile business-network collaborations, are enabled by recent blockchain-technology related innovations using smart contracting. DAOs utilize service-oriented cloud computing in a loosely-coupled collaboration lifecycle that commences with the setup phase. The latter supports the selection of services provided and used by DAOs in combination with smart contract negotiations. Such setup phases for DAO-communities use blueprints of business-network models that DAOs populate with tentative service offers. The negotiation phase may result either in a consensual agreement, a counteroffer, or a disagreement. In the latter case, the smart contract negotiation collapses and the lifecycle returns to the beginning of the selected collaboration blueprints. To the best of our knowledge, such a smart-contracting setup lifecycle has not been formalized so far. The paper fills the gap and evaluates the model with means of model-checking methods.

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This work was funded by the Estonian IT Akadeemia and also partly the research project SF0140013s10 “Model-based Creation and Management of Evolutionary Information Systems" by the Estonian Ministry of Education and Research.

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Correspondence to Alex Norta .

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Norta, A. (2015). Creation of Smart-Contracting Collaborations for Decentralized Autonomous Organizations. In: Matulevičius, R., Dumas, M. (eds) Perspectives in Business Informatics Research. BIR 2015. Lecture Notes in Business Information Processing, vol 229. Springer, Cham.

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  • Print ISBN: 978-3-319-21914-1

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