The future of smart contracts: Pioneering a new era of automated transactions and trust in the digital economy
- Title
- The future of smart contracts: Pioneering a new era of automated transactions and trust in the digital economy
- Creator
- Iyer R.; Maralapalle V.; Patil D.; Irfan M.
- Description
- The future of smart contracts in decentralized finance (DeFi) is a dynamic and evolving field that holds immense potential for transforming traditional financial systems The integration of artificial intelligence (AI) with smart contracts is enhancing their capabilities, enabling efficient processing of data and intelligent decision-making. Smart contracts provide an open and effective replacement for traditional financial structures as they continue to gain popularity. The potential of smart contracts to improve transparency, optimize operating procedures, and transform industries like healthcare, finance, and education is what will determine their future. To support blockchain-based apps and grow the DeFi ecosystem, smart contract platforms like Polkadot, Cardano, and Ethereum must continue to innovate and evolve. The future of smart contracts is largely being shaped by the possibility of multi-chain smart contracts, the incorporation of AI and machine learning technology, and the support for decentralized autonomous organizations (DAOs). 2024, IGI Global. All rights reserved.
- Source
- AI-Driven Decentralized Finance and the Future of Finance, pp. 229-256.
- Date
- 2024-01-01
- Publisher
- IGI Global
- Coverage
- Iyer R., Amity University, Mumbai, India; Maralapalle V., Amity University, Maharashtra, India; Patil D., Amity University, Dubai, United Arab Emirates; Irfan M., Christ University, Bengaluru, India
- Rights
- Restricted Access
- Relation
- ISBN: 979-836936323-2; 979-836936321-8
- Format
- Online
- Language
- English
- Type
- Book chapter
Collection
Citation
Iyer R.; Maralapalle V.; Patil D.; Irfan M., “The future of smart contracts: Pioneering a new era of automated transactions and trust in the digital economy,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 24, 2025, https://archives.christuniversity.in/items/show/17610.