An Overview of Smart Contract and Use Cases in Blockchain Technology
By Bhabendu Kumar Mohanta, Soumyashree S. Panda, Debasish Jena. International Conference on Computing Communication and Networking Technologies, 2018
510 citations recorded by the source corpus.
In the last decade blockchain technology become mainstream research topic because of its decentralized, peer to peer transaction, distributed consensus, and anonymity properties. The blockchain technology overshadows regulatory problem and technical challenges. A smart contract is a set of programs which are self-verifying, self-executing and tamper resistant. Smart contract with the integration of blockchain technology capable of doing a task in real time with low cost and provide a greater degree of security. This paper firstly, explains the various components and working principle of smart contract. Secondly, identify and analyse the various use cases of smart contract along with the advantage of using smart contract in blockchain application. Lastly, the paper concludes with challenges lie in implementing smart contract the future real-life scenario.
Subfields: Information Systems, Management Information Systems, Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/8266b9a3a1865ae7896d9e1ab528ecc7e745551d
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Citations in the corpus
- Applying blockchain technology to improve agri-food traceability: A review of development methods, benefits and challenges (2020, background): “However, it is based on the centralized server-client paradigm, the stakeholders and consumers have to rely on a single information point to store, transmit, and share the traceability information (Khan et al., 2018; Mohanta et al., 2018; Cai et al., 2014).”
- A Survey of Blockchain From the Perspectives of Applications, Challenges, and Opportunities (2019, background): “An Ethereum transaction has fields for transferring ether as well as messages to trigger smart contracts [39].”
- Future of industry 5.0 in society: human-centric solutions, challenges and prospective research areas (2022, background): “Big data analytics is the enabling technology that helps manage a large amount of data [17, 116, 138].”