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Title: :  ALL YOU NEED TO KNOW ABOUT BLOCKCHAIN SMART CONTRACTS
PaperId: :  13465
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 7 Issue 1 2021
DUI:    16.0415/IJARIIE-13465
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
SWATHI SHREERAMKUMARALLIANCE UNIVERSITY, SCHOOL OF LAW

Abstract

LAW AND LEGISLATURE
blockchain, smart contracts, technology, digital contracts
The most attractive feature of blockchain technology is the SMART CONTRACTS. A smart contract is an executable code that runs on top of the blockchain to facilitate, execute and enforce the terms of an agreement between the untrusted parties without the interference of the trusted third party. In current systems, the transactions are usually conducted in the presence of the trusted third party which is a centralized manner resulting in security issues and high monetary transaction fees. The most relevant example of such contracts are banking transactions. Introduction of the blockchain technology has enabled to tackle the above said issues by allowing the untrusted parties to interact with each other without the interference of the trusted third party in a distributed manner. Blockchain is a distributed and decentralized networking database that keeps a record of all the transactions that has ever happened in the network. It was originally introduced for bitcoin which is a peer to peer digital payment system but evolved to be used for the development of wide range of decentralized applications. The important advantages of these contracts are that they are cost effective and avoid the interference of third party promoting confidentiality and security. This paper explains the basics of blockchain technology, smart contracts, relevant platforms that can be utilized to create smart contracts, application of smart contracts and various issues related to these contracts.

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IJARIIE SWATHI SHREERAMKUMAR. "ALL YOU NEED TO KNOW ABOUT BLOCKCHAIN SMART CONTRACTS" International Journal Of Advance Research And Innovative Ideas In Education Volume 7 Issue 1 2021 Page 198-201
MLA SWATHI SHREERAMKUMAR. "ALL YOU NEED TO KNOW ABOUT BLOCKCHAIN SMART CONTRACTS." International Journal Of Advance Research And Innovative Ideas In Education 7.1(2021) : 198-201.
APA SWATHI SHREERAMKUMAR. (2021). ALL YOU NEED TO KNOW ABOUT BLOCKCHAIN SMART CONTRACTS. International Journal Of Advance Research And Innovative Ideas In Education, 7(1), 198-201.
Chicago SWATHI SHREERAMKUMAR. "ALL YOU NEED TO KNOW ABOUT BLOCKCHAIN SMART CONTRACTS." International Journal Of Advance Research And Innovative Ideas In Education 7, no. 1 (2021) : 198-201.
Oxford SWATHI SHREERAMKUMAR. 'ALL YOU NEED TO KNOW ABOUT BLOCKCHAIN SMART CONTRACTS', International Journal Of Advance Research And Innovative Ideas In Education, vol. 7, no. 1, 2021, p. 198-201. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/ALL_YOU_NEED_TO_KNOW_ABOUT_BLOCKCHAIN_SMART_CONTRACTS_ijariie13465.pdf (Accessed : 10 January 2021).
Harvard SWATHI SHREERAMKUMAR. (2021) 'ALL YOU NEED TO KNOW ABOUT BLOCKCHAIN SMART CONTRACTS', International Journal Of Advance Research And Innovative Ideas In Education, 7(1), pp. 198-201IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/ALL_YOU_NEED_TO_KNOW_ABOUT_BLOCKCHAIN_SMART_CONTRACTS_ijariie13465.pdf (Accessed : 10 January 2021)
IEEE SWATHI SHREERAMKUMAR, "ALL YOU NEED TO KNOW ABOUT BLOCKCHAIN SMART CONTRACTS," International Journal Of Advance Research And Innovative Ideas In Education, vol. 7, no. 1, pp. 198-201, Jan-Feb 2021. [Online]. Available: http://ijariie.com/AdminUploadPdf/ALL_YOU_NEED_TO_KNOW_ABOUT_BLOCKCHAIN_SMART_CONTRACTS_ijariie13465.pdf [Accessed : 10 January 2021].
Turabian SWATHI SHREERAMKUMAR. "ALL YOU NEED TO KNOW ABOUT BLOCKCHAIN SMART CONTRACTS." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 7 number 1 (10 January 2021).
Vancouver SWATHI SHREERAMKUMAR. ALL YOU NEED TO KNOW ABOUT BLOCKCHAIN SMART CONTRACTS. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2021 [Cited : 10 January 2021]; 7(1) : 198-201. Available from: http://ijariie.com/AdminUploadPdf/ALL_YOU_NEED_TO_KNOW_ABOUT_BLOCKCHAIN_SMART_CONTRACTS_ijariie13465.pdf
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