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Work item:
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F.751.12 (ex H.DLT-VERI)
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Subject/title:
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Formal verification framework for smart contract on distributed ledger technology
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Status:
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Approved on 2023-09-13 [Issued from previous study period]
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Approval process:
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AAP
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Type of work item:
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Recommendation
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Version:
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New
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Equivalent number:
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-
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Timing:
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-
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Liaison:
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-
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Supporting members:
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-
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Summary:
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Smart contracts can be used to reduce complex business contracts by directly enforcing the contract's payment methods and paybacks, and by automating the process of contract execution and verification into the network, without the intervention and cost of the person checking the contract's performance. However, smart contracts are a series of program codes generated on distributed ledger technology (DLT) and problems may occur in the process of executing the smart contract. As a method to solve problems that occur in the program execution environment, there is a formal verification. This Recommendation specifies formal verification framework for smart contract on distributed ledger technology (DLT), its overview, requirement and architecture in its framework, as well as the main technical direction of its formal method component. This Recommendation can be used as a guideline for smart contract developer to build systems.
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Comment:
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-
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Reference(s):
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Historic references:
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Contact(s):
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| ITU-T A.5 justification(s): |
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First registration in the WP:
2019-11-14 17:15:24
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Last update:
2023-07-31 10:58:32
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