TITLE:
Survey of Smart Contract Technology and Application Based on Blockchain
AUTHORS:
Somboun Tern
KEYWORDS:
Smart Contract, Blockchain, Distributed Application, Formal Method, Crowdsale Contract
JOURNAL NAME:
Open Journal of Applied Sciences,
Vol.11 No.10,
October
29,
2021
ABSTRACT: With the vigorous development of blockchain
technology represented by Bitcoin, blockchain technology has gradually
surpassed the era of programmable currency and entered the era of smart
contracts. Smart contracts are event- driven and stateful. With the in-depth development
of blockchain technology, smart contracts use protocols and user interfaces to
complete all steps of the contract process, allowing users to implement
personalized code logic on the blockchain. Contract technology has the
characteristics of decentralization, autonomy, observability, verifiability,
and information sharing. It can effectively build programmable finance and
programmable society, and is widely used in
digital payment, financial asset disposal, multi-signature contracts, cloud computing, Internet of Things, sharing economy and other fields. First,
it explains the basic concepts, full life
cycle, basic classification, basic structure, key technologies, development status and main
technology platforms of smart contracts; then discusses the application
scenarios and development issues of smart contract technology, aiming to
provide smart contract technology. The research and development provides reference.