Smart Contract as a Way to Exchange Digital Values in Blockchain

Abstract

The main components of blockchain technology, specific features of this technology, the basics of this network, and technological features are identified. A SWOT analysis of the advantages, disadvantages, opportunities, and threats of this technology is conducted. The specifics of Smart Contract implementation as a way of exchanging digital values in the Blockchain are studied. The directions of Blockchain technology development in accounting, insurance, supply chain management, smart trade, storage, and data exchange are investigated. The specifics of the application of blockchain technology in business are studied according to their experience, contents, and limits (complications of accounting, the risk of neglecting the interdependence of key blockchain concepts, fraud risk for cloud services).