Citation

Mazlan, Farah and Omar, Nur Faizah and Nik Mohd Kamal, Nik Nor Muhammad Saifudin and Zainuddin, Ahmad Anwar (2025) Comprehensive Insights into Smart Contracts: Architecture, Sectoral Applications, Security Analysis, and Legal Frameworks. Journal of Informatics and Web Engineering, 4 (1). pp. 1-17. ISSN 2821-370X

Text View of Comprehensive Insights into Smart Contracts_ Architecture, Sectoral Applications, Security Analysis, and Legal Frameworks.pdf - Published Version Restricted to Repository staff only Download (4MB)

Abstract

Most conventional contract systems have issues with middlemen, drawn-out implementation procedures, fraud risk, and human error. Considering this, the project uses smart contract technology to provide a decentralized, automated, and safesolution in an effort to address such inefficiencies and the trust issues they raise. Smart contracts enable self-execution of contracts whose conditions are expressed explicitly in lines of code by presenting solutions using blockchain technology. Theconcept behind a smart contract is that each party may carry out their portion of the duties without depending on a third party and the contract will automatically execute in the meantime. This automation significantly reduces transaction costs while simultaneously improving security and transparency. With the use of this underlying technology, smart contracts may be used to directly code parties' compliance with their duties under the agreement and the blockchain will keep an immutable record of every transaction. For smooth and dependable transactions, smart contracts offer a dependable and effective substitute for conventional contract methods.Furthermore, integrating smart contracts with cutting-edge technologies like machine learning and artificial intelligence could improve decision-making and accelerateoperations in a variety of sectors. Their application extends beyond financial transactions to areas such as supply chain management, energy trading, and healthcare,showcasing their versatility. Despite these advantages, issues like energy consumption, scalability, and regulatory compliance still need creative solutions.Ongoingresearch and development aim to address these issues, fostering the evolution of smarter, more sustainable contract systems. By leveraging these advancements, smart contracts keep opening the door for a revolution in the digital economy that will increase productivity and confidence

Item Type:	Article
Uncontrolled Keywords:	Blockchain
Subjects:	Q Science > QA Mathematics > QA71-90 Instruments and machines > QA75.5-76.95 Electronic computers. Computer science
Depositing User:	Ms Rosnani Abd Wahab
Date Deposited:	25 Jun 2025 03:42
Last Modified:	25 Jun 2025 03:42
URII:	http://shdl.mmu.edu.my/id/eprint/13979

Downloads

Edit (login required)