Apply Internet of Things and Block Chain for Smart Contracts

Ghasemzadeh Deh Abadi, Arefeh

Apply Internet of Things and Block Chain for Smart Contracts

Document Type : Original Research Article

Author

Arefeh Ghasemzadeh Deh Abadi

Department of Computer Engineering, Central Tehran Branch, Islamic Azad University, Tehran, Iran

Abstract

With the expansion of the cyber world, issues are directly and indirectly entered into this area and are studied; The Internet of Things and Blockchain are two developing technologies that create opportunities for new topics including smart contracts. A smart contract is a computer protocol based on blockchain technology to create or improve a contract. In these contracts, valid transactions are defined as programmed code and applied automatically without the need for intermediaries. In this research, we will first introduce the Internet of Things, blockchain, and then smart contracts created from the combination of these two technologies and the advantage of making smart contracts. The method of this research is descriptive and data analysis. The Internet of Things, which is undergoing growth in the IT industry; It provides limitless opportunities for smart contracts; So, in the absence of IoT sensors, these contracts have limited potential. Of course, the technical challenges of smart contracts are a set of programs that are self-verifying, self-executing, and tamper-resistant. By integrating blockchain technology, the smart contract is able to perform a task in real time at a low cost and provide a higher degree of security. Examining a few scenarios in real life shows; The technical challenges of smart contracts are very few along with the advantages of using these contracts. By identifying and analyzing the performance measurement of smart contracts, significant results are obtained for the development of these contracts.

Keywords

Smart Contracts

Internet of Things Artificial Intelligence

Blockchain

Smartening of Contracts

20.1001.1.27831361.1403.5.2.5.4

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