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An Idealist’s Approach for Smart Contract Correctness

Nguyen, Tai D; Pham, Long H; Jun, Sun; Le, Quang Loc; (2023) An Idealist’s Approach for Smart Contract Correctness. In: Formal Methods and Software Engineering. ICFEM 2023. (pp. pp. 11-28). Springer: Singapore, Singapore. Green open access

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Abstract

In this work, we experiment an idealistic approach for smart contract correctness verification and enforcement, based on the assump- tion that developers are either desired or required to provide a correctness specification due to the importance of smart contracts and the fact that they are immutable after deployment. We design a static verification system with a specification language which supports fully compositional verification (with the help of function specifications, contract invariants, loop invariants and call invariants). Our approach has been implemented in a tool named iContract which automatically proves the correctness of a smart contract statically or checks the unverified part of the specifica- tion during runtime. Using iContract, we have verified 10 high-profile smart contracts against manually developed detailed specifications, many of which are beyond the capacity of existing verifiers. Specially, we have uncovered two ERC20 violations in the BNB and QNT contracts.

Type: Proceedings paper
Title: An Idealist’s Approach for Smart Contract Correctness
Event: The 24th International Conference on Formal Engineering Methods (ICFEM 2023)
ISBN-13: 978-981-99-7583-9
Open access status: An open access version is available from UCL Discovery
DOI: 10.1007/978-981-99-7584-6_2
Publisher version: https://doi.org/10.1007/978-981-99-7584-6_2
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Computer Science
URI: https://discovery.ucl.ac.uk/id/eprint/10176153
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