Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: The Benefits of Deploying Smart Contracts on Trusted Third Parties   The hype about Bitcoin has overrated the potential of smart contracts
deployed on-blockchains (on-chains) and underrated the potential of smart
contracts deployed on-Trusted Third Parties (on-TTPs). As a result, current
research and development in this field is focused mainly on smart contract
applications that use on-chain smart contracts. We argue that there is a large
class of smart contract applications where on-TTP smart contracts are a better
alternative. The problem with on-chain smart contracts is that the fully
decentralised model and indelible append-only data model followed by
blockchains introduces several engineering problems that are hard to solve. In
these situations, the inclusion of a TTP (assuming that the application can
tolerate its inconveniences) instead of a blockchain to host the smart contract
simplifies the problems and offers pragmatic solutions. The intention and
contribution of this paper is to shed some light on this issue. We use a
hypothetical use case of a car insurance application to illustrate technical
problems that are easier to solve with on-TTP smart contracts than with
on-chain smart contracts.

22
The categories of this paper are: chao-dyn
4
The categories of this paper are: cond-mat
36
The categories of this paper are: cmp-lg
7
The categories of this paper are: hep-th
34
The categories of this paper are: chem-ph
37
The categories of this paper are: supr-con
20
The categories of this paper are: acc-phys
11
The categories of this paper are: hep-lat
12
The categories of this paper are: nucl-th
33
The categories of this paper are: plasm-ph
19
The categories of this paper are: eess
10
The categories of this paper are: q-bio
27
The categories of this paper are: comp-gas
29
The categories of this paper are: funct-an
2
The categories of this paper are: math
8
The categories of this paper are: hep-ex