Smart Contracts for SMEs and Large Companies

TL;DR

This paper demonstrates a methodology for generating smart contracts from BPMN models to support collaboration among companies of various sizes, aiming to democratize blockchain technology and simplify smart contract creation.

Contribution

It introduces an approach enabling non-experts to generate smart contracts from BPMN models, facilitating broader adoption across different company sizes.

Findings

Supports collaboration for SMEs and large companies

Enables non-technical users to generate smart contracts

Facilitates democratization of blockchain technology

Abstract

Research on blockchains addresses multiple issues, with one being writing smart contracts. In our previous research we described methodology and a tool to generate, in automated fashion, smart contracts from BPMN models. The generated smart contracts provide support for multi-step transactions that facilitate repair/upgrade of smart contracts. In this paper we show how the approach is used to support collaborations via smart contracts for companies ranging from SMEs with little IT capabilities to companies with IT using blockchain smart contracts. Furthermore, we also show how the approach is used for certain applications to generate smart contracts by a BPMN modeler who does not need any knowledge of blockchain technology or smart contract development - thus we are hoping to facilitate democratization of smart contracts and blockchain technology.