Systems and methods described herein relate to techniques that allow for multiple parties to jointly generate or jointly agree upon the parameters for generation of a smart contract, such as a verification key. Execution of the smart contract may be performed by a third party, for example, a worker node on a blockchain network. Techniques described herein may be utilised as part of a protocol in which parties of a smart contract share powers of a secret in a manner that allows each party to determine an identical common reference string, agree on parameters for a smart contract agree and/or make proportionate contributions the smart contract, and combinations thereof. The smart contract may be published to a blockchain network (e.g., Bitcoin Cash). The protocol may be a zero-knowledge protocol.