Smart Contract-Based Advanced Financial Security System: A Literature Review

Abstract

The current research provides a literature evaluation of works from sources such as IEEE and Science Direct that explore testing and analysis methodologies and approaches for smart contracts. Smart contracts built on the blockchain have attracted a lot of attention from academics because of their unique properties. These include the immutability of transaction records, the automatic execution of contract instructions, and the decentralized building of trust. No one can deny blockchain's revolutionary potential across a number of sectors, but there are still technological hurdles to overcome before smart contracts gain widespread use. Solutions to these problems, as well as investigations into potential new uses for smart contracts outside of their present financial and logistics-related contexts, should guide future research efforts. In general, smart contracts built on blockchain technology have the power to revolutionize a number of sectors and open the door to a future that is more decentralized.