The Impact of the Blockchain-Based Approach On Smart Contracts in the Development of E-Commerce Using Data Mining

Abstract

A smart contract is a computer protocol for creating or improving a contract. A smart contract allows for the creation of valid transactions without the need for an intermediary. With the advent of blockchain technology, the idea of smart contracts has received more attention and has found a wide range of applications. Privacy, digital assets, and data encryption are three important factors in the benefit of blockchain-based smart contracts. This article examines the impact of a blockchain-based approach on smart contracts in the development of e-commerce using data mining. The research method is descriptive with a data mining approach and regression computation, decision trees, and neural networks. The main objective of this research is to determine the impact of blockchain on smart contracts in the development of e-commerce using data mining. The predictive power of smart contracts based on blockchain is 55%, which shows a level higher than 0.5. Therefore it can be said that the proposed model has appropriate predictive power for examining smart contracts.