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Role of blockchain and smart contracts in transforming social contracts

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2019
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Abstract (EN)

Technology is entering every part of our daily life leading to integration with all aspects of modern society. Social sciences research is not an exception of this role. The fourth revolution is intertwined in the process we do research. In this thesis, two models are designed based on blockchain and smart contract technology to solve the current problems in the existing traditional models. Those traditional models proved to have certain problems including being inflexible and having so many parties involved the network. The new model provided by this thesis is built upon blockchain and smart contract technology. Therefore, those networks have the benefits of being more flexible and having less parties involved in the network. the first case is a crowdfunding network, we have examined a traditional crowdfunding and developed a similar one based on blockchain and smart contracts technology to overcome the drawbacks of the existing network. the second case is a marriage contract network where we built a network similar to the traditional one but has the ability to remove the burden of wasting time and effort. Finally, both cases are compared based on the change in structure and functions of each party in the network. We have seen some changes in terms of structure between the two networks, however, the main change came in the functions of each party and the removal on unnecessary ones in the network which is expected to reduce the transaction cost. Keywords: Blockchain, Marriage Contracts, Smart Contracts

Author

Nafıe Asfour

How to Cite

Nafıe Asfour (Master Thesis). Role of blockchain and smart contracts in transforming social contracts, 2019, Ibn Haldun University.

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