Smart Contract Management Using Blockchain Implementation

Authors(2) :-Chandrashekhar Singh Rajawat, Prof. Hemant Gupta

Recent interest around blockchains and Emerging smart contract systems over blockchain technology which allows mutually distrustful parties to transact safely without trusted third parties provided requirements good fit for the Smart Contracts sector. In the event of contractual breaches or cancellations, the decentralized blockchain ensures that honest parties get their just compensation. Blockchains permit us to have a distributed peer-to-peer network wherever non-trusting members can interact with each other without depending on an intermediary and be able to verify the transaction.

All transactions, together with the flow of cash are exposed on the blockchain.

A smart contract is used to

 1) Facilitates for sharing of services and resources managing to the creation of a marketplace of services between devices and

2) permits us to automate in an exceedingly cryptographically verifiable manner many existing, long workflows

My conclusion is that the smart contract over blockchain combination is powerful and can cause vital transformations across many industries, making new ways for new business models and innovative  distributed applications.

Authors and Affiliations

Chandrashekhar Singh Rajawat
PG Scholar, Department of Computer Science and Engineering, Lakshmi Narain College of Technology & Science (RIT), Indore, Madhya Pradesh, India
Prof. Hemant Gupta
Assistant Professor, Department of Computer Science and Engineering, Lakshmi Narain College of Technology & Science (RIT), Indore, Madhya Pradesh, India

Smart Contracts Sector, Cryptographically, Peer-To-Peer Digital Payment System, Bitcoin, Blockchain

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Publication Details

Published in : Volume 3 | Issue 5 | May-June 2018
Date of Publication : 2018-06-30
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 101-107
Manuscript Number : CSEIT183527
Publisher : Technoscience Academy

ISSN : 2456-3307

Cite This Article :

Chandrashekhar Singh Rajawat, Prof. Hemant Gupta, "Smart Contract Management Using Blockchain Implementation", International Journal of Scientific Research in Computer Science, Engineering and Information Technology (IJSRCSEIT), ISSN : 2456-3307, Volume 3, Issue 5, pp.101-107, May-June.2018
URL : http://ijsrcseit.com/CSEIT183527

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