Blockchain technology and smart contracts, the backbone of cryptocurrencies such as Bitcoin, Ethereum, Doge and more, is a method of recording and storing electronic information, such as financial transactions, in a way that they are either impossible or difficult to alter. In short, a digital permanent record.

But if a smart contract has mistakes or bugs in its code that can be exploited, it can result in huge financial losses .

Dr. Lingxiao Jiang, an associate professor of Computer Science at Singapore Management University, researches the challenges, and opportunities, for the growing use of smart contracts in financial services.

Read the original article: https://doi.org/10.1109/TSE.2020.2971482