Managing Blockchain Automata

Managing Blockchain Automata

This umbrella document describes a distributed platform open to public participation for managing the automation of tasks that interfaces with a Blockchain protocol. Although it is to be...

Posted on 2018-10-21
Phases of the Bitcoin system

Phases of the Bitcoin system

The Bitcoin system may be broken down into the following “phases”: Mining; Holding Bitcoin; and Transferring Bitcoin. Each of these phases are discussed in turn below. (a) Mining In its May 2013...

Posted on 2018-10-20
DFA compilation and execution

DFA compilation and execution

We present an analysis of the establishment and execution of contractual agreements embodied as deterministic finite automata (DFA). The contract for a European call option is used as an example...

Posted on 2018-10-19
Rights as property

Rights as property

In its simplest form, a bitcoin transaction involves the creation of an entry in a ledger. The value on the ledger is updated such that the original holder of a cryptographic private key is...

Posted on 2018-10-19
Monetary transfer and transmission rules

Monetary transfer and transmission rules

The exchange of bitcoin for other currencies clearly comes under existing AML[1] regulations, and where an exchange[2] has been used as a part of this process, KYC[3] requirements will still...

Posted on 2018-10-18
Foreign-exchange considerations & Bitcoin

Foreign-exchange considerations & Bitcoin

The inherently international nature of Bitcoin lends its use to the requirement to account for foreign-exchange valuations. This does not even need to be associated with international...

Posted on 2018-10-17
A codification scheme for state machines

A codification scheme for state machines

We define a codification scheme for the states of deterministic finite automaton (DFA) [1]. Contrary to usual practice, the codification itself is machine-readable, i.e., there is an algorithm...

Posted on 2018-10-16