PROGRAMMABLE MONEY FOR TRUSTWORTHY CURRENCY TRANSACTIONS

Ethical Clearance: 211006777/2021/32 <br> This research follows the design science research (DSR) methodology to develop and evaluate programmable money by pivoting the capabilities of smart contract technology. <br> By means of a simulation, the artefact is subjected to realistic conditions with the purpose of determining feasibility of the programmable money concept in terms of functional and non-functional performance. Quantitative data is generated during the observation of the simulation was used to obtain the findings. <br> This data was generated as part of a simulation that includes functional tests and nonfunctionall tests. <br> The functional tests are an evaluation on how efficiently rules were being enforced by smart contracts deployed on the Algorand blockchain. <br> The nonfunctional tests include performance data recorded when the programmable money artefact was stress tested. Siege http benchmark tool was used to flood the system with a large number of requests and the observed data was recorded. <br>