Digital contracts in blockchain environments
Digital or “smart” contracts execute in a blockchain environment. Any entity (whether public or private) may specify a digital contract via a contract identifier in a blockchain. Because there may be many digital contracts offered as services, the contract identifier uniquely identifies a particular digital contract offered by a vendor or supplier. The blockchain is thus not burdened with the programming code that is required to execute the digital contract. The blockchain need only include or specify the contract identifier (and perhaps one or more contractual parameters), thus greatly simplifying the blockchain and reducing its size (in bytes) and processing requirements.
1. A method performed by a server that cryptographically proves an outsource execution of a digital contract, comprising:
receiving, by the server, a blockchain specifying a contract identifier associated with the digital contract;
after the receiving of the blockchain, reading, by the server, the contract identifier specified by the blockchain;
in response to the reading of the contract identifier, determining, by the server, that the outsource execution of the digital contract is required;
querying, by the server, an electronic database for the contract identifier, the electronic database electronically associating digital contracts to contract identifiers including the contract identifier specified by the blockchain;
identifying, by the server, a programming code representing the digital contract of the digital contracts in the electronic database that is electronically associated with the contract identifier;
executing, by the server, the programming code representing the digital contract at an outsource location;
receiving, by the server, an execution result from the outsource location;
in response to the receiving of the execution result, generating, by the server, a cryptographic proof of the outsource execution by hashing a cryptographic address associated with the outsource location using an electronic representation of a hashing algorithm; and
publishing, by the server, the cryptographic proof.
2. The method of claim 1 , further comprising generating, by the server, a data record in a blockchain data layer that documents the outsource execution of the digital contract.
3. The method of claim 2 , further comprising conducting, by the server, a cryptocoinage transaction in response to the generating of the data record in the blockchain data layer.
4. The method of claim 1 , further comprising conducting, by the server, a cryptocoinage transaction in response to the outsource execution.
5. The method of claim 1 , further comprising identifying a contractual parameter specified by the blockchain.
6. A system, comprising:
a hardware processor; and
a memory device storing instructions that when executed by the hardware processor perform operations, the operations comprising:
receiving a blockchain;
reading a contract identifier specified by the blockchain;
in response to the reading of the contract identifier, determining that an outsource execution of a digital contract is required;
querying an electronic database that maps the contract identifier to a programming code representing the digital contract;
executing the programming code representing the digital contract at an outsource location;
receiving an execution result from the outsource location;
in response to the execution result, generating a cryptographic proof of the outsource execution by hashing a cryptographic address associated with the outsource location using an electronic representation of a hashing algorithm; and
publishing the cryptographic proof.
7. The system of claim 6 , wherein the operations further comprise generating a data record in a blockchain data layer that documents the outsource execution.
8. The system of claim 7 , wherein the operations further comprise conducting a cryptocoinage transaction in response to the generating of the data record in the blockchain data layer.
9. The system of claim 6 , wherein the operations further comprise conducting a cryptocoinage transaction.
10. The system of claim 6 , wherein the operations further comprise identifying a contractual parameter specified by the blockchain.