Blockchain is a developing and promising technology that can provide users with such advantages as decentralization, data security and transparency of transactions. Blockchain has many applications, one of them is the decentralized finance (DeFi) industry which is growing more and more recently. The concept of decentralized finance involves the creation of a single ecosystem of many blockchains that interact with each other. The problem of combining and interacting blockchains becomes crucial to enable DeFi. In this paper, we look at the essence of the DeFi industry, the possibilities of overcoming the problem of cross-blockchain interaction, present our approach, and analyze the results of the proposed solution.

Original languageEnglish
Title of host publicationComputational Science and Its Applications – ICCSA 2021 - 21st International Conference, Proceedings
EditorsOsvaldo Gervasi, Beniamino Murgante, Sanjay Misra, Chiara Garau, Ivan Blečić, David Taniar, Bernady O. Apduhan, Ana Maria Rocha, Eufemia Tarantino, Carmelo Maria Torre
PublisherSpringer Nature
Pages42-55
Number of pages14
ISBN (Print)9783030869724
DOIs
StatePublished - 2021
Event21st International Conference on Computational Science and Its Applications, ICCSA 2021 - Virtual, Online, Italy
Duration: 13 Sep 202116 Sep 2021

Publication series

NameLecture Notes in Computer Science
PublisherSPRINGER INTERNATIONAL PUBLISHING AG
Volume12952
ISSN (Print)0302-9743

Conference

Conference21st International Conference on Computational Science and Its Applications, ICCSA 2021
Abbreviated titleICCSA 2021
Country/TerritoryItaly
CityVirtual, Online
Period13/09/2116/09/21

    Research areas

  • Blockchain, Decentralized finances, Distributed ledger technologies, Smart-contracts, Solidity

    Scopus subject areas

  • Theoretical Computer Science
  • Computer Science(all)

ID: 86373452