Smart Contract Project Management Framework (SCPMF) ‒ A Conceptual Model

Abstract

Smart Contract Project Management Framework (SCPMF) is a proposed conceptual model that combines smart contract technology with project management principles to enhance transparency, accountability, and security in project management. This framework has the potential to revolutionize project management by enabling real-time monitoring of project progress, automated contract execution, and immutable record-keeping. This paper provides an overview of the SCPMF, induding its applications in project planning, resource management, and contract management. The paper also discusses the benefits and challenges of using SCPMF in project management. The benefits indude increased efficiency, reduced costs, and improved collaboration, while the challenges include scalability, interoperability, and regulatory compliance. The paper concludes by highlighting some of the current trends in SCPMF-based project management and offering recommendations for future research. Overall, the paper demonstrates the potential for SCPMF to transform project management and suggests that further research and development in this area could lead to significant improvements in project outcomes.