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The Green Revolution of Smart Contracts: How Innovative Architecture Is Driving Performance, Pollution Reduction, and Energy Conservation

The Green Revolution of Smart Contracts: How Innovative Architecture Is Driving Performance, Pollution Reduction, and Energy Conservation
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Author(s): Rinat Galiautdinov (Independent Researcher, Italy)
Copyright: 2023
Pages: 17
Source title: Revolutionizing Financial Services and Markets Through FinTech and Blockchain
Source Author(s)/Editor(s): Kiran Mehta (Chitkara Business School, Chitkara University, India), Renuka Sharma (Chitkara Business School, Chitkara University, India)and Poshan Yu (Soochow University, China & European Business Institute, Luxembourg & Australian Studies Centre, Shanghai University, China)
DOI: 10.4018/978-1-6684-8624-5.ch008

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Abstract

The focus of this study is to examine the challenges associated with smart contracts and their overall concept. The research proposes a solution that can effectively address all the current issues related to smart contracts. Furthermore, the study recommends a new architecture for smart contracts and blockchain. The author identifies the problems, conducts an analysis, and presents a solution that will enhance the performance of smart contracts, increase their extensibility, and promote an eco-friendly environment by reducing pollution and conserving energy.

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