Revolutionizing Smart Contracts

Abstract

The current study examines the challenges associated with smart contracts and their overall concept and offers a resolution that can effectively address all the prevailing issues. Moreover, it advocates for a shift in the current architecture employed in smart contracts and blockchain. The study identifies the problems, conducts an analysis, and presents a solution that expounds on how the proposed changes can enhance the performance of smart contracts based on a new architecture, boost their scalability, change the IoT world, and promote an eco-friendly environment by reducing pollution of natural environment and conserving energy.