An Overview on Smart Contracts: Challenges, Advances and Platforms
By Zibin Zheng, Shaoan Xie, Hongning Dai, Weili Chen, Xiangping Chen, Jian Weng, Muhammad Imran. Future generations computer systems, 2019
979 citations recorded by the source corpus.
Abstract Smart contract technology is reshaping conventional industry and business processes. Being embedded in blockchains, smart contracts enable the contractual terms of an agreement to be enforced automatically without the intervention of a trusted third party. As a result, smart contracts can cut down administration and save services costs, improve the efficiency of business processes and reduce the risks. Although smart contracts are promising to drive the new wave of innovation in business processes, there are a number of challenges to be tackled. This paper presents a survey on smart contracts. We first introduce blockchains and smart contracts. We then present the challenges in smart contracts as well as recent technical advances. We also compare typical smart contract platforms and give a categorization of smart contract applications along with some representative examples.
Subfields: Economics and Econometrics, Information Systems, Management Information Systems
View Paper: https://www.semanticscholar.org/paper/e0bc89f5776804bc2be27f1945f900d1ac8f1e7f
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Citations in the corpus
- How should we understand the digital economy in Asia? Critical assessment and research agenda (2020, neutral): “Zheng et al. (2020) took a lifecycle-oriented view, and highlighted the potential for studies on the creation, deployment, execution, and completion of smart contracts.”
- Blockchain for Internet of Things: A Survey (2019, background): “eaches the contract, the corresponding penalty (as specified in the contract) will be automatically paid from Bob’s deposit. The whole life cycle of smart contracts consists of four consecutive phases [31] as illustrated in Fig.4: 1) Creation of smart contracts. Several involved parties first negotiat”
- Blockchain smart contracts: Applications, challenges, and future trends (2021, background): “…of the existing blockchain-enabled smart contract reviews/surveys according to six criteria, namely proposing a taxonomy, considering several blockchain platforms, considering application domains, covering smart contract improvement tools, identifying research gaps, and scope of literature review.”