Blockchain and Smart Contract Collateral Management System Study Guide

What kind of system is described by 543x.com?

What are the three main layers in the CMBSC system architecture? What are their respective functions?

What role does the BSA component play in the CMBSC system?

What role does the TPO component play in the CMBSC system?

How does the CMBSC system utilize smart contracts to manage collateral?

What type of data does the WORM database store in the CMBSC system?

How does the CMBSC system process borrowing transaction requests?

What types of oracles can be used in the CMBSC system?

Explain how the CMBSC system improves network efficiency.

What is the role of JSON parsing used in the CMBSC system?

Short Answer Questions

543x.com describes a system called "Collateral Management System (CMBSC) using Blockchain and Smart Contracts" that is designed to simplify and secure the collateral management process in borrowing transactions.

The three main layers in the CMBSC system architecture are the User Interface (UI), the Middle Tier, and the Data Tier. The UI is responsible for interacting with users, the middle layer is responsible for connecting the UI with the data layer and the blockchain, and the data layer is responsible for storing and managing data.

The BSA (Blockchain Synchronization Adapter) component is responsible for synchronizing transaction data to the blockchain according to the instructions of the TPO component.

The TPO (Transaction Process Optimizer) component is responsible for determining when to synchronize transaction data to the blockchain to optimize data load and system efficiency.

The CMBSC system uses smart contracts to automate collateral management processes, such as automatically calculating the required collateral amount, automatically executing collateral transfers, etc.

The WORM (Write Once Read Many) database stores unchangeable transaction data in the CMBSC system to ensure data integrity and security.

The CMBSC system receives borrowing transaction requests through the UI, then stores the transaction details in the data layer, and finally synchronizes the transaction data to the blockchain according to the instructions of the TPO component.

There are many types of oracles that can be used in the CMBSC system, such as stock exchanges, GPS data providers, time providers, crowdsourced data providers, etc., to obtain the data required for smart contract execution.

The CMBSC system reduces the need for data transmission by using more efficient data structures and transmission mechanisms, thereby improving network efficiency. In addition, the CMBSC system also improves network efficiency by reducing latency and optimizing data load.

The JSON parsing used in the CMBSC system is used to parse the JSON format data sent by the client into variables that the system can understand and use for subsequent processing and storage.

Key Glossary

Term DefinitionsCMBSC Collateral Management System Using Blockchain and Smart ContractsBlockchain is a decentralized, tamper-proof distributed ledger technology. A smart contract is a piece of code stored on the blockchain that automatically executes the terms of the contract when pre-set conditions are met. A mechanism for oracle to transmit external data to the blockchain to provide smart contracts with the information required for execution. BSA (Blockchain Synchronization Adapter) is responsible for synchronizing transaction data to the CMBSC component of the blockchain. TPO (Transaction Process Optimizer) is responsible for determining when to synchronize transaction data to the CMBSC component of the blockchain. WORM database A database that can only be written once but can be read multiple times, used to store unchangeable data. JSON is a lightweight data exchange format that is easy to read and machine parse. Solidity is a programming language used to write Ethereum smart contracts. Ethereum is an open source blockchain platform that supports smart contract functions