2019Unpublished venueOpen access

Smart Transactions

Egger L. Mielberg

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Abstract

Fully realized ACCP-based (Atomicity, Consistency,Concurrency, Permanency) online transactions would allow, first, toconnect and manage all associative input transactions to a singleoutput transaction, second, to eliminate any third party that is not aparticipant of transaction contract, third, to fully automate anexecution of multi-steps contracts with a possibility to track them onevery step, fourth, to promptly identify and extract any transactiondata, and fifth, to dynamically scale a transaction networkproportionally to the amount of its active participants.We propose a mechanism that allow every single participant of thetransaction network to dynamically manage any transaction on his orher own economic way.

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What this paper is about

Fully realized ACCP-based (Atomicity, Consistency,Concurrency, Permanency) online transactions would allow, first, toconnect and manage all associative input transactions to a singleoutput transaction, second, to eliminate any third party that is not aparticipant of transaction contract, third, to fully automate anexecution of multi-steps contracts with a possibility to track them onevery step, fourth, to promptly identify and extract any transactiondata, and fifth, to dynamically scale a transaction networkproportionally to the amount of its active participants.We propose a mechanism that allow every single participant of thetransaction network to dynamically manage any transaction on his orher own economic way.

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Available abstract

Fully realized ACCP-based (Atomicity, Consistency,Concurrency, Permanency) online transactions would allow, first, toconnect and manage all associative input transactions to a singleoutput transaction, second, to eliminate any third party that is not aparticipant of transaction contract, third, to fully automate anexecution of multi-steps contracts with a possibility to track them onevery step, fourth, to promptly identify and extract any transactiondata, and fifth, to dynamically scale a transaction networkproportionally to the amount of its active participants.We propose a mechanism that allow every single participant of thetransaction network to dynamically manage any transaction on his orher own economic way.

Key concepts: Atomicity, Database transaction, Computer science, Consistency (knowledge bases), Distributed transaction, Concurrency control, Database, Concurrency

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