Introduction
Smart contracts provide automation in blockchain solutions. They are immutable, decentralized and deterministic, which make them ideal to remove third-parties and let peer-to-peer interactions. Once aggreed between the parties and deployed on a distributed ledger, their activities and outcomes can be verified, so they can be trusted by all stakeholders. Everybody involved in DLTs are interested in smart contracts and the benefits they bring, but are also worried because there are many aspects about smart contracts they don't understand including legal and ethical insecurities. The main goal of this workgroup will be to enable users, developers, businessmen, decision makers and others interested in smart contracts to understand how they can be utilized among the different DLTs that are under the Hyperledger unbrella and also explore all potentials from deploying them to everyday software solution scenarios.
Scope
The scope is to define concepts regarding smart contracts and to produce material to describe the various aspects and meanings, trying to come up to standards or good practices. The audience for smart contracts is large and spans from researchers, developers, businessmen, decision makers, policy makers, law makers, software users, citizens to governments, banks, financial institutions, insurance providers, etc
Work Products
The anticipated initial work products will include (but is not limited to):
White Paper about smart contracts and the respected aspects concerning their usage
- Taxonomy for smart contracts in every day scenarios
- Performance of smart contracts across the different HL DLT frameworks
Identifying use cases, case studies;
Sharing stories of successes, failures, lessons learned, opportunities and challenges;
Exploring like security, privacy, legal boundaries;
Proposing solutions to the problems identified;
Identifying conferences or other opportunities to connect face to face
Collaborators (other groups)
This working group will collaborate with other Hyperledger working groups, the TSC, Linux Foundation staff, and the project maintainers. Especially the following Working Groups and their subgroups will be of great importance in achieving the anticipated results.
Workgroups
SIGs
Interested Parties
The following individuals have already expressed an interest in joining this working group, and we hope they will become contributors over the first year:
| Name | Company | Email Address |
|---|---|---|
Proposed Chair
The following individual has volunteered to serve as the initial chair for the working group:
I Sofia Terzi am volunteering to run this group initially, unless somebody else with interest in the group volunteers.