Model of dynamic smart contract for permissioned blockchains
Abstract
The blockchain technology and smart contract capabilities encourage scholars and retailers on investigating the new conceptual modeling and technological opportunities for redesigning the current and future business processes. The emerge of blockchain technology indicates the new era in designing and developing the business process mainly by using smart contracts. Along with these opportunities, different challenges are presented in the current state of blockchain technology and smart contracts. Among them, the emphases cases are the alignment of the new changes on the requirements from the business process, to the smart contracts. We present a new way of modeling a smart contract that impacts on the maintainability of the enterprise blockchain-based solution. This paper shows a new approach that allows smart contracts acting dynamically over lift time changes on the business process logic specific to the use case.