Collaborative Smart Contracts (CoSC): example of real estate purchase and sale(s)

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dc.authorscopusid57205616621
dc.authorscopusid36503422100
dc.contributor.authorTimuçin, Tunahan
dc.contributor.authorBiroğul, Serdar
dc.date.accessioned2023-07-26T11:57:53Z
dc.date.available2023-07-26T11:57:53Z
dc.date.issued2023
dc.departmentDÜ, Mühendislik Fakültesi, Bilgisayar Mühendisliği Bölümüen_US
dc.description.abstractThe emergence of blockchain technology has opened up opportunities for innovative solutions in various fields. One of these solutions is the concept of smart contracts(SCs), which can automate the execution of contract terms and conditions. In this paper, we introduce Collaborative Smart Contracts (CoSC), a novel approach that combines the benefits of smart contracts and collaborative decision-making. CoSC allows multiple parties to participate in the contract execution process, enabling a more transparent and fair system. We present an example of the application of CoSC in the real estate industry, specifically in the purchase and sale of properties. Our proposed approach utilizes a consortium blockchain network to create a secure and decentralized environment for CoSC. The CoSC platform facilitates communication, collaboration, and decision-making between the buyer, seller, and other relevant parties involved in the transaction. We evaluate the performance of the CoSC platform in terms of execution time, benefits, and security. With the CoSC platform, an average of 20+% success is achieved in terms of execution time. Our results demonstrate that CoSC is a promising solution for complex, multi-party transactions and can improve the efficiency, transparency, and trustworthiness of the real estate industry. © 2023, The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature.en_US
dc.identifier.doi10.1007/s11227-023-05196-1
dc.identifier.issn0920-8542
dc.identifier.scopus2-s2.0-85150720143en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://doi.org/10.1007/s11227-023-05196-1
dc.identifier.urihttps://hdl.handle.net/20.500.12684/13336
dc.identifier.wosWOS:000956527100003en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorTimuçin, Tunahan
dc.institutionauthorBiroğul, Serdar
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofJournal of Supercomputingen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz$2023V1Guncelleme$en_US
dc.subjectCollaborative structureen_US
dc.subjectReal estate salesen_US
dc.subjectSmart contractsen_US
dc.subjectBlockchainen_US
dc.subjectDecision makingen_US
dc.subjectNetwork securityen_US
dc.subjectSalesen_US
dc.subjectBlock-chainen_US
dc.subjectCollaborative decision makingen_US
dc.subjectCollaborative structuresen_US
dc.subjectContract decisionsen_US
dc.subjectContract executionen_US
dc.subjectExecution processen_US
dc.subjectInnovative solutionsen_US
dc.subjectReal estate industriesen_US
dc.subjectReal estate saleen_US
dc.subjectReal-estatesen_US
dc.subjectSmart contracten_US
dc.titleCollaborative Smart Contracts (CoSC): example of real estate purchase and sale(s)en_US
dc.typeArticleen_US

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