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Developing the Platform for Running Letters of Credit on the Ethereum Blockchain

Student: Magomed Aliev

Supervisor: Sergei Kuznetsov

Faculty: Faculty of Computer Science

Educational Programme: Applied Mathematics and Information Science (Bachelor)

Year of Graduation: 2019

The blockchain market has been growing rapidly in recent years and is moving from the research to the application phase. Often such projects imply the use of only the basic set of real possibilities of technology and demonstrate already studied applied aspects - the implementation of financial instruments or primitive storage of information. In this paper, we have developed a service that implements the non-trivial use of blockchain - the transfer of contract-accreditation functionality into a decentralized and automated environment. At the initial stage, this project will be used to simplify relations between advertisers and executors, but it can also be scaled up to other variants of commercial relations. The most common patterns of classic client-server application development and tools specific to blockchain applications were used. Keywords: commercial development, project work, blockchain, Ethereum, Solidity, contract letter of credit.

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