Vol. 5 No. 1 (2023), Articles
Vol. 5 No. 1 (2023)

A Brief Analysis of Smart Contracts and Applications of Blockchain Technology

Articles
Published 01-04-2023
Rishi Matura
Computer Science Engineering, Chandigarh University, Mohali, India
Kunal
Computer Science Engineering, Chandigarh University, Mohali, India
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Keywords

Blockchain
system
database
digital
cryptocurrency
Bitcoin
smart contract

How to Cite

Matura, Rishi, and Kunal. 2023. “A Brief Analysis of Smart Contracts and Applications of Blockchain Technology”. Journal of Artificial Intelligence and Capsule Networks 5 (1): 39-51. https://doi.org/10.36548/jaicn.2023.1.004.
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Abstract

Blockchain refers to a distributed system or ledger that is shared via a computer network. For storing data, a blockchain serves as a digital database. The most well-known use of Blockchain technology is to maintain a secure and impartial record of every transaction made using Bitcoin and other types of cryptocurrency. By assuring the security and integrity of a data record, a blockchain encourages confidence without the need for a trustworthy third party. This paper discusses the various aspects and implications of Blockchain technology in modern society.

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