Sergii Grybniak, Oleksandr Nashyvan, Igor Mazurok, Yevhen Leonchyk, Alisa Vorokhta
{"title":"Recurring and Deferred Transactions Based on Smart Contracts","authors":"Sergii Grybniak, Oleksandr Nashyvan, Igor Mazurok, Yevhen Leonchyk, Alisa Vorokhta","doi":"10.1049/blc2.70012","DOIUrl":null,"url":null,"abstract":"<p>This article presents algorithms and smart contract designs to facilitate recurring bill payments on decentralised platforms using the Ethereum-like Virtual Machine (EVM). The proposed approach enables the inclusion of recurring and deferred transactions, ensuring compatibility with ERC-20 and ERC-777 standards, thereby contributing to the establishment of a novel token standard. The research addresses the growing need for non-custodial mechanisms to support automatic periodic payments in decentralised environments, offering potential benefits to both service providers and customers in various industries.</p>","PeriodicalId":100650,"journal":{"name":"IET Blockchain","volume":"5 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2025-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1049/blc2.70012","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"IET Blockchain","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1049/blc2.70012","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
This article presents algorithms and smart contract designs to facilitate recurring bill payments on decentralised platforms using the Ethereum-like Virtual Machine (EVM). The proposed approach enables the inclusion of recurring and deferred transactions, ensuring compatibility with ERC-20 and ERC-777 standards, thereby contributing to the establishment of a novel token standard. The research addresses the growing need for non-custodial mechanisms to support automatic periodic payments in decentralised environments, offering potential benefits to both service providers and customers in various industries.
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