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THE EVOLUTION OF SMART CONTRACT PLATFORMS: A LOOK AT CURRENT TRENDS AND FUTURE DIRECTIONS

Cilt: 9 Sayı: 2 31 Aralık 2023
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THE EVOLUTION OF SMART CONTRACT PLATFORMS: A LOOK AT CURRENT TRENDS AND FUTURE DIRECTIONS

Öz

Blockchain-based smart contracts are self-running computer programs that can automate a variety of commercial activities. Currently, the majority of these decentralized applications are developed using smart contract platforms like Polkadot, Cardano, and Ethereum. In addition to analyzing current technology developments and prospective future applications, this article provides a historical review of smart contract platforms. The study emphasizes the significance of smart contract platforms for supporting blockchain-based applications and enabling decentralized finance (DeFi). It also looks at the emergence of layer-2 scaling solutions, the introduction of non-fungible tokens (NFTs), and the growing need of interoperability among different smart contract platforms. The article also looks at the potential for multi-chain smart contracts, the effects of quantum computing, the integration of AI and ML technologies with smart contract platforms, and the potential for smart contract platforms to support decentralized autonomous organizations (DAOs). The difficulties of expanding smart contract platforms, the requirement for uniformity in the creation of smart contracts, and the potential for smart contract platforms to revolutionize sectors like healthcare, real estate, and supply chain management are also covered. The paper emphasizes the significance of ongoing innovation and development in smart contract platforms for the expansion of the blockchain ecosystem as it draws to a close.

Anahtar Kelimeler

Kaynakça

  1. Szabo, N., Smart contracts: Building blocks for digital markets. Extropy, 1996.
  2. Nakamoto, S., Bitcoin: A peer-to-peer electronic cash system, 2008.
  3. Swan, M., Blockchain: Blueprint for a New Economy. O'Reilly Media, Inc, 2015.
  4. Jensen, J. R., von Wachter, V., and Ross, O., “An introduction to decentralized finance (defi)”, Complex Systems Informatics and Modeling Quarterly, (26), 46-54, 2021.
  5. Hill, B., Chopra, S., Valencourt, P., and Prusty, N., Blockchain Developer's Guide: Develop smart applications with Blockchain technologies-Ethereum, JavaScript, Hyperledger Fabric, and Corda. Packt Publishing Ltd, 2018.
  6. Zheng, Z., Xie, S., Dai, H. N., Chen, W., Chen, X., Weng, J., and Imran, M., “An overview on smart contracts: Challenges, advances and platforms”, Future Generation Computer Systems, 105, 475-491, 2020.
  7. Lee, S. M., Park, S., and Park, Y. B., “Formal specification technique in smart contract verification”, In 2019 International Conference on Platform Technology and Service (PlatCon), pp. 1-4. IEEE, 2019.
  8. Staifi, N., and Belguidoum, M., “Adapted smart home services based on smart contracts and service level agreements”, Concurrency and Computation: Practice and Experience, 33(23), e6208, 2021.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Mühendislik

Bölüm

Derleme

Erken Görünüm Tarihi

21 Aralık 2023

Yayımlanma Tarihi

31 Aralık 2023

Gönderilme Tarihi

11 Nisan 2023

Kabul Tarihi

14 Ağustos 2023

Yayımlandığı Sayı

Yıl 2023 Cilt: 9 Sayı: 2

Kaynak Göster

APA
Timuçin, T., & Biroğul, S. (2023). THE EVOLUTION OF SMART CONTRACT PLATFORMS: A LOOK AT CURRENT TRENDS AND FUTURE DIRECTIONS. Mugla Journal of Science and Technology, 9(2), 46-55. https://doi.org/10.22531/muglajsci.1280985
AMA
1.Timuçin T, Biroğul S. THE EVOLUTION OF SMART CONTRACT PLATFORMS: A LOOK AT CURRENT TRENDS AND FUTURE DIRECTIONS. MJST. 2023;9(2):46-55. doi:10.22531/muglajsci.1280985
Chicago
Timuçin, Tunahan, ve Serdar Biroğul. 2023. “THE EVOLUTION OF SMART CONTRACT PLATFORMS: A LOOK AT CURRENT TRENDS AND FUTURE DIRECTIONS”. Mugla Journal of Science and Technology 9 (2): 46-55. https://doi.org/10.22531/muglajsci.1280985.
EndNote
Timuçin T, Biroğul S (01 Aralık 2023) THE EVOLUTION OF SMART CONTRACT PLATFORMS: A LOOK AT CURRENT TRENDS AND FUTURE DIRECTIONS. Mugla Journal of Science and Technology 9 2 46–55.
IEEE
[1]T. Timuçin ve S. Biroğul, “THE EVOLUTION OF SMART CONTRACT PLATFORMS: A LOOK AT CURRENT TRENDS AND FUTURE DIRECTIONS”, MJST, c. 9, sy 2, ss. 46–55, Ara. 2023, doi: 10.22531/muglajsci.1280985.
ISNAD
Timuçin, Tunahan - Biroğul, Serdar. “THE EVOLUTION OF SMART CONTRACT PLATFORMS: A LOOK AT CURRENT TRENDS AND FUTURE DIRECTIONS”. Mugla Journal of Science and Technology 9/2 (01 Aralık 2023): 46-55. https://doi.org/10.22531/muglajsci.1280985.
JAMA
1.Timuçin T, Biroğul S. THE EVOLUTION OF SMART CONTRACT PLATFORMS: A LOOK AT CURRENT TRENDS AND FUTURE DIRECTIONS. MJST. 2023;9:46–55.
MLA
Timuçin, Tunahan, ve Serdar Biroğul. “THE EVOLUTION OF SMART CONTRACT PLATFORMS: A LOOK AT CURRENT TRENDS AND FUTURE DIRECTIONS”. Mugla Journal of Science and Technology, c. 9, sy 2, Aralık 2023, ss. 46-55, doi:10.22531/muglajsci.1280985.
Vancouver
1.Tunahan Timuçin, Serdar Biroğul. THE EVOLUTION OF SMART CONTRACT PLATFORMS: A LOOK AT CURRENT TRENDS AND FUTURE DIRECTIONS. MJST. 01 Aralık 2023;9(2):46-55. doi:10.22531/muglajsci.1280985

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Mugla Journal of Science and Technology (MJST) dergisi Creative Commons Atıf-GayriTicari 4.0 Uluslararası Lisansı ile lisanslanmıştır.