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A smart contract is a translation of a standard paper-based contract that canbe enforced and executed by a contract management system. At a high level ofabstraction, a contract is only a document that describes how the signingparties are to behave in different scenarios; nevertheless, the translation ofa typical paper-based contract to its electronic counterpart has proved to beboth time-consuming and difficult. The requirement for a language capable ofcapturing the core of a contract in simple phrases and definitions has been afocus of study for many years. EROP (Events, Rights, Obligations, Prohibitions)is a contract specification language that breaks a contract down into sets ofevents, rights, obligations, and prohibitions.

Developing a Compiler for EROP -- A Language for the Specification of Smart Contracts, An Experience Report