2021
DOI: 10.1016/j.jnca.2020.102857
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Survey on blockchain based smart contracts: Applications, opportunities and challenges

Abstract: Blockchain is one of the disruptive technical innovation in the recent computing paradigm. Many applications already notoriously hard and complex are fortunate to ameliorate the service with the blessings of blockchain and smart contracts. The decentralized and autonomous execution with in-built transparency of blockchain based smart contracts revolutionize most of the applications with optimum and effective functionality. The paper explores the significant applications which already benefited from the smart c… Show more

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Cited by 274 publications
(140 citation statements)
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References 167 publications
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“…Particularly, blockchain can play a significant role in IoT domain [203]. Several blockchain-based IoT platforms were designed not only to enable secure data sharing, secure authentication, high privacy, but also to provide automated service verification and migration [204]. On the other hand, several research works focused on highlighting the usage of blockchain for cloud computing systems to enable security, privacy and automation [205].…”
Section: ) Blockchainmentioning
confidence: 99%
“…Particularly, blockchain can play a significant role in IoT domain [203]. Several blockchain-based IoT platforms were designed not only to enable secure data sharing, secure authentication, high privacy, but also to provide automated service verification and migration [204]. On the other hand, several research works focused on highlighting the usage of blockchain for cloud computing systems to enable security, privacy and automation [205].…”
Section: ) Blockchainmentioning
confidence: 99%
“…It consists of a linked sequence of blocks, holding timestamped transactions that are secured by public-key cryptography and verified by the network community". Once data is added to the blockchain, it cannot be altered, and a blockchain is turning into a permanent record [27].…”
Section: Blockchainmentioning
confidence: 99%
“…Once a record of transactions is added to a block on the ledger, it cannot be altered or modified. Since each block contains a cryptographic hash of the original data, this hash is unique and each block contains the hash the previous block, and transactions are stored in different nodes in the distributed network, any attempt to change the block content is not allowed [27]. One of the disadvantages of the immutability feature is that it is also impossible to modify data that might be erroneous before entering the blockchain [32].…”
Section: Immutabilitymentioning
confidence: 99%
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