BLOCKCHAIN-BASED SMART CONTRACTS: THEORY AND PRACTICE OF MANAGEMENT

Abstract

Cryptocurrencies have become an important stage in the evolution of blockchain technologies, representing not just a financial instrument, but an entire platform for automating and simplifying various processes. Blockchain 2.0, with its capabilities for creating and executing smart contracts, allows users to develop decentralized applications (dApps) that can function without intermediaries. This technology opens up new horizons for economic coordination and social management. For example, smart contracts can be used in areas such as financial services, supply chain management, voting and management, and real estate. Cryptocurrencies or smart contracts are self-executing computer algorithms hosted on the blockchain and activated automatically when strictly defined conditions occur. Their fundamental importance lies not in technical novelty, but in the ability to create interaction systems where the fulfillment of conditions is mathematically guaranteed, which marks the transition from centralized models to decentralized algorithmically managed environments. The development of theoretical and practical recommendations on the use of smart contracts can provide new opportunities for the development and economic growth of Russia.