Automated execution algorithm for smart contracts in payment systems based on blockchain and big data

Abstract

Smart contracts, as one of the important applications of blockchain technology, provide the possibility for automated execution of payment systems. This article explores an automated execution algorithm for smart contracts in payment systems based on blockchain and big data technology to address the issues of low accuracy and efficiency in contract execution. This algorithm utilizes the immutability and decentralization features of blockchain to ensure the security and transparency of payment transactions. At the same time, combined with the powerful analytical capabilities of big data, deep mining of transaction data is carried out to achieve accurate prediction and risk management of transactions. The automated execution function of smart contracts further simplifies the transaction process, reduces human intervention, and improves the efficiency and reliability of payment systems. The experimental results show that through the proposed algorithm, the payment system can provide more secure, efficient, and personalized services, promoting the digital transformation and development of the financial transaction field.