A Comparative and Comprehensive Analysis of Smart Contract Enabled Blockchain Applications Smart Contract Enabled Blockchain Applications

Abstract

Blockchain is a disruptive innovation that is already reshaping corporate, social, and political connections, as well as any other form of value exchange. Again, this isn't simply a shift; it's a fast-moving phenomenon that has already begun. Top financial institutions and a large number of businesses have begun to investigate blockchain in order to cut transaction costs, speed up transaction times, reduce fraud risk, and eliminate the need for middlemen or intermediate services. Blockchain is believed to be the component that completes the Internet puzzle and makes it more open, more accessible, and more reliable. In this article, we first introduced the blockchain technology and smart contracts and their merits and demerits. Second, we present a comparative and comprehensive analysis of smart contract-enabled blockchain applications. Toward the end, we discussed the future development trends of smart contract enabled blockchain applications. This document is intended to serve as a guide and resource for future research initiatives.