Enhancement of Security and Privacy of Smart Contracts in Blockchain

Abstract

Smart contracts, leveraging the power of blockchain technology, have revolutionized the execution and enforcement of agreements. However, their adoption also brings forth substantial challenges in terms of security and privacy. This research paper aims to identify the recent areas of focus and provide a comprehensive perspective on blockchain applications and smart contracts, highlighting their main issues and corresponding solutions. Furthermore, it seeks to address the gaps in current research and outline future avenues of investigation. The primary objective is to assess the security and privacy concerns associated with smart contracts in blockchain and propose effective measures to enhance their robustness. By conducting a thorough analysis of vulnerabilities, attack vectors, and privacy considerations, this study offers valuable insights into the risks involved in smart contracts. It also puts forth practical solutions and best practices to mitigate these risks, ensuring a more secure and privacy-preserving environment for the deployment and execution of smart contracts.