Smart contracts for creating transparent transactions to reduce corruption

Corruption is widely spread and not easy to avoid. Blockchain-based smart contract technology enables the opportunity to develop transactions in such a way that corruption should not be possible. In this paper, we develop and evaluate an arrangement based on blockchain-based smart contracts to avoid...

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Bibliographic Details
Published in:ACM International Conference Proceeding Series
Main Author: Darusalam S.; Janssen M.; Said J.; Omar N.; Indra Saputra M.
Format: Conference paper
Language:English
Published: Association for Computing Machinery 2023
Online Access:https://www.scopus.com/inward/record.uri?eid=2-s2.0-85167867931&doi=10.1145%2f3598469.3598509&partnerID=40&md5=4923c8cd64e6af55d1c9f96ac5cb0008
id 2-s2.0-85167867931
spelling 2-s2.0-85167867931
Darusalam S.; Janssen M.; Said J.; Omar N.; Indra Saputra M.
Smart contracts for creating transparent transactions to reduce corruption
2023
ACM International Conference Proceeding Series


10.1145/3598469.3598509
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85167867931&doi=10.1145%2f3598469.3598509&partnerID=40&md5=4923c8cd64e6af55d1c9f96ac5cb0008
Corruption is widely spread and not easy to avoid. Blockchain-based smart contract technology enables the opportunity to develop transactions in such a way that corruption should not be possible. In this paper, we develop and evaluate an arrangement based on blockchain-based smart contracts to avoid and reduce corruption. Smart contracts are used for buying and selling goods, in which the public must agree that the goods arrived and are used to contribute to the creation of societal value. Only then will the supplier be paid. Al transaction data is stored in a blockchain and opened to the public to create transparency. In this way, the price of the good and the sellers can be inspected to avoid price manipulation and nepotism. The smart contract avoids the likelihood that corruption will happen, and it can be spotted if it happens. © 2023 ACM.
Association for Computing Machinery

English
Conference paper
All Open Access; Green Open Access
author Darusalam S.; Janssen M.; Said J.; Omar N.; Indra Saputra M.
spellingShingle Darusalam S.; Janssen M.; Said J.; Omar N.; Indra Saputra M.
Smart contracts for creating transparent transactions to reduce corruption
author_facet Darusalam S.; Janssen M.; Said J.; Omar N.; Indra Saputra M.
author_sort Darusalam S.; Janssen M.; Said J.; Omar N.; Indra Saputra M.
title Smart contracts for creating transparent transactions to reduce corruption
title_short Smart contracts for creating transparent transactions to reduce corruption
title_full Smart contracts for creating transparent transactions to reduce corruption
title_fullStr Smart contracts for creating transparent transactions to reduce corruption
title_full_unstemmed Smart contracts for creating transparent transactions to reduce corruption
title_sort Smart contracts for creating transparent transactions to reduce corruption
publishDate 2023
container_title ACM International Conference Proceeding Series
container_volume
container_issue
doi_str_mv 10.1145/3598469.3598509
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-85167867931&doi=10.1145%2f3598469.3598509&partnerID=40&md5=4923c8cd64e6af55d1c9f96ac5cb0008
description Corruption is widely spread and not easy to avoid. Blockchain-based smart contract technology enables the opportunity to develop transactions in such a way that corruption should not be possible. In this paper, we develop and evaluate an arrangement based on blockchain-based smart contracts to avoid and reduce corruption. Smart contracts are used for buying and selling goods, in which the public must agree that the goods arrived and are used to contribute to the creation of societal value. Only then will the supplier be paid. Al transaction data is stored in a blockchain and opened to the public to create transparency. In this way, the price of the good and the sellers can be inspected to avoid price manipulation and nepotism. The smart contract avoids the likelihood that corruption will happen, and it can be spotted if it happens. © 2023 ACM.
publisher Association for Computing Machinery
issn
language English
format Conference paper
accesstype All Open Access; Green Open Access
record_format scopus
collection Scopus
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