Abstract

Despite the spread of sharing economy platforms, as the best of our knowledge, no online solution has been proposed to handle the negotiation of new agreements and contracts between the participants in such platforms, which entails losing major business opportunities due to a lack of negotiation frameworks enabling mutual business and legal agreements. This paper describes an innovative smart contract-based negotiation framework integrated into sharing economy platforms to enable dynamic negotiation and electronic signature of digital agreements between partners. The proposed framework itself is technology agnostic. It can be used with any distributed collaborative platform regardless of the used technologies (web service, blockchain, etc.). We have used smart contract system as a mean to initiate and submit negotiated calls for tenders to respond to a business opportunity by multiple actors. The implementation uses the Orcha language, a new high-level smart contract language, to validate the framework concepts.

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