Design and development of smart contract system for blockchain based applications
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Design and development of smart contract system for blockchain based applications
Authors: Shivang kushwaha
Abstract
The work presented in this paper describes the design and implementation of smart contracts for blockchain applications. The main purpose is to explore the current state and application of blockchain technology and show how the main points of this technology can change the "business as usual". This project examines blockchain technology as a whole and explores its potential for developing business applications. Blockchain-based smart contract is suitable for different applications and demonstrates the creation and implementation of simple management using the Ethereum blockchain. Ethereum advances second-generation blockchain technology by providing a global open computing/environmental platform that enables the exchange of cryptocurrency (Ether) and the intelligent creation of self-generated contracts
Smart contracts provide a framework for ownership of digital assets and various equity applications in the blockchain space. Because Ethereum and smart contracts are open, distributed, and immutable, they are vulnerable to vulnerabilities caused by simple mistakes from developers.
We design and implement smart contracts for blockchain medical management applications to support the medical ecosystem and power to increase energy efficiency by creating smart contracts for energy saving certification. We also identify key concepts, advances, and outcomes in clinical and radiological research.
In this article, blockchain technology is used in areas such as health and energy. Health applications are the main focus of this research and electrical power studies show further involvement of this research. It is hoped that the work presented in this article can provide sufficient motivation for the development of ethical applications (Apps) using blockchain- based smart contracts.
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