The State of the Art for Blockchain-Enabled Smart-Contract Applications in the Organization

Chibuzor Udokwu, Aleksandr Kormiltsyn, Kondwani Thangalimodzi, Alex Norta

Research output: Chapter in Book/Report/Conference proceedingsConference contributionpeer-review

45 Citations (Scopus)

Abstract

The application and use of smart contracts in organizations require a holistic overview. This overview helps to understand the current adoption of this technology and also deduces factors that are inhibiting its use in the modern organization. This study provides a systematic review of previous studies comprising of frameworks, methods, working prototypes and simulations that demonstrate the application of smart contracts in organizations. Understanding the current state and usage of smart-contract technology in an organization is a focal point of this paper. Much progress occurs in developing technologies that support smart contracts, while little understanding exists pertaining to their usage in organizations. In this study, we identify properties of smart-contract applications in different domains of modern organizations. We further analyze and categorize challenges and problems mitigating the adoption of smart-contract applications.

Original languageEnglish
Title of host publicationProceedings - 2018 Ivannikov Isp Ras Open Conference, ISPRAS 2018
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages137-144
Number of pages8
ISBN (Electronic)9781728112756
DOIs
Publication statusPublished - 26 Mar 2019
Event2018 Ivannikov Isp Ras Open Conference, ISPRAS 2018 - Moscow, Russian Federation
Duration: 22 Nov 201823 Nov 2018

Publication series

NameProceedings - 2018 Ivannikov Isp Ras Open Conference, ISPRAS 2018

Conference

Conference2018 Ivannikov Isp Ras Open Conference, ISPRAS 2018
Country/TerritoryRussian Federation
CityMoscow
Period22.11.201823.11.2018

Keywords

  • applications
  • blockchain
  • decentralized autonomous organization
  • limitations
  • smart contract
  • use cases

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