Abstract: There is disclosed a system and method for executing multifaceted, multiparty transactions on a Blockchain network. In an aspect, there is disclosed a computer system which, together with other computer systems, participates as a node in a distributed Blockchain network. Each of the computer systems participating as a node in the Blockchain network and participating in a multifaceted, multiparty transaction includes storage adapted to store one or more data models required for modeling the multifaceted transaction between multiple parties participating in the Blockchain network, and a processor for dynamically instantiating the one or more data models to execute the multifaceted, multiparty transaction.