Project description
An agreement in the form of a computer code
Written in a code resembling a programming language so their interpretation is always unambiguous and never subject to dispute, so-called 'smart contracts', the computer equivalent of legal contracts, can easily be interpreted by machines. The EU-funded PROCONTRA project will focus on the interaction between smart contracts and cryptography. Its aim is to develop this emerging field into a mature science and to create a formal theory of protocols. Designing a complete security model for analysing smart contracts is the first pillar of the project. The second pillar is to propose new smart-contract protocols and to extend the existing ones. Overall, PROCONTRA will use smart contracts to identify what tasks are achievable with them and under what assumptions.
Objective
Smart contracts are formal agreements that take the form of computer programs. They are typically written down, and automatically executed, on blockchains. Smart-contract protocols are algorithms that describe how these contracts operate in multiparty settings. Due to the large number of potential applications, interest in this field has exploded in the last few years. Also, the PI has generated important results through his work in this area. The ambitious goal of PROCONTRA is to transfigure this emerging field into a mature science. Our main research hypothesis is that smart-contract protocols will be used in real life and many of them will strongly rely on advanced cryptographic techniques and will need to be developed using modeling methods from theoretical cryptography.
We will work in this direction by proposing new solutions in this area, providing formal models and security proofs. Given the importance of these protocols, it is crucial to fully analyze their security before they are deployed in real life. Therefore, the first pillar of this project is to design a complete security model for analyzing them. The second pillar is to propose new smart-contract protocols and to extend the existing ones. Our protocols will be proven secure in the model we propose in the first pillar. This will be done using traditional “pen-and-paper” methods. However, the most important proofs will also be machine-checked using proof assistants. On a more theoretical side, we will also work on characterizing what tasks are in general achievable using smart contracts, and under what assumptions. Throughout the project, we will closely interact with the smart-contract practitioners, and with the industry, in order to understand what are the practically-relevant problems in this field and to ensure that the project’s outcome will have an impact beyond academia. This will also take a form of participation in the standardization efforts in this area.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
ERC-ADG - Advanced Grant
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2019-ADG
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
00-927 WARSZAWA
Poland
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.