Implementation and Benchmarking of a Factory-Beacon-ERC-1155 Architecture for Multi-Asset Tokenization of Agricultural Commodities

Abstract


Deploying individual smart contracts per agricultural asset class is cost-prohibitive, and immutable ERC-20/ERC-721 contracts require full redeployment for every protocol update. We propose and implement a unified architecture combining Factory with CREATE2 deterministic addressing, Beacon Proxy upgradeability, and ERC-1155 multi-token capabilities. Evaluated via Foundry gas benchmarks, the architecture reduces batch minting cost by 38% and keeps protocol-wide upgrades at a constant 5,439 gas regardless of proxy count, compared to 280,863 gas per contract for traditional redeployment.

References

Bodell, W. E., Meisami, S., and Duan, Y. (2023). Proxy hunting: Understanding and characterizing proxy-based upgradeable smart contracts in blockchains. In 32nd USENIX Security Symposium (USENIX Security 23), pages 1829–1846, Anaheim, CA. USENIX Association.

Buterin, V. (2018). EIP-1014: Skinny CREATE2. Ethereum Improvement Proposals, no. 1014. Final. [link].

Climate Policy Initiative (2023). Agricultura familiar brasileira: Desigualdades no acesso ao crédito. Relatório, Climate Policy Initiative / PUC-Rio, Rio de Janeiro, Brasil.

Muzondo, P. J., Tapera, J., and Mashapure, R. (2025). The blockchain and tokenization for social good: Empowering smallholder farmers in zimbabwe’s agricultural supply chains. Dibon Journal of Education. Acessado em novembro de 2025.

Olateju, O. (2025). Tokenization of agricultural assets: Strengthening blockchain security in agri-finance and investment models against fraud and cyber risks. SSRN Electronic Journal. SSRN 5162642.

Palladino, S., Giordano, F., and Croubois, H. (2019). EIP-1967: Proxy storage slots. Ethereum Improvement Proposals, no. 1967. Final. [link].

Radomski, W., Cooke, A., Castonguay, P., Therien, J., Binet, E., and Sandford, R. (2018). ERC-1155: Multi token standard. Ethereum Improvement Proposals, no. 1155. Final. [link].

Salehi, M., Clark, J., and Mannan, M. (2022). Not so immutable: Upgradeability of smart contracts on ethereum. In Financial Cryptography and Data Security. FC 2022 International Workshops: CoDecFin, DeFi, Voting, WTSC, Grenada, May 6, 2022, Revised Selected Papers, pages 539–554, Berlin, Heidelberg. Springer-Verlag.

United Nations Development Programme (2021). Blockchain for agri-food traceability. Technical report, UNDP Global Centre for Technology, Innovation and Sustainable Development. Acessado em dezembro de 2025.

Wood, G. (2024). Ethereum: A secure decentralised generalised transaction ledger. Technical report, Ethereum Foundation. Berlin Version. [link].

World Economic Forum (2025). Asset tokenization in financial markets: The next generation of value exchange. Technical report, World Economic Forum.

Xia, N., Zhao, X., Yang, Y., Li, Y., and Li, Y. (2025). Exploration on real world assets and tokenization. arXiv:2503.01111. [link].
Published
2026-07-19
MINANGO, Juan; PARADISI, Alberto; MARION, Silvia; LONA, Andreza. Implementation and Benchmarking of a Factory-Beacon-ERC-1155 Architecture for Multi-Asset Tokenization of Agricultural Commodities. In: COLLOQUIUM ON BLOCKCHAIN AND DECENTRALIZED WEB (CBLOCKCHAIN), 4. , 2026, Gramado/RS. Anais [...]. Porto Alegre: Sociedade Brasileira de Computação, 2026 . p. 35-40. DOI: https://doi.org/10.5753/cblockchain.2026.23543.