• Dr. Nisha Tanwar
• Dr. Archana Golwalkar

As an outcome of fast-paced development in the field of information and communication technology, witnessed in the last two decades, depicted a progressive experience that has broken the geographical borders and brought the world closer never as before and empowered netizens. The concept of Bitcoin (a digital currency) which was put forth in the white paper under the pseudonym "Satoshi Nakamoto" in 2008 has evolved largely with an immense increase in its value around 30050 USD in June 2022 from the value of 1 USD in 2011. Crypto currencies as a tool for digital transactions in a decentralized system are extremely attractive and gaining popularity worldwide, despite posing challenges in the developmental stages based on the blockchain data structure offering advantages on time, money, effort, and more. Decentralized application is also known as "dApps" or "dapps”. These digital applications run on a peer-to-peer (P2P) blockchain network of computers instead of dependent on a single computer. To complete the transaction between two anonymous parties without the need to rely on a central authority DApps use smart contracts. On this backdrop, the present review-based study provides an insight into Smart Contracts which will soon become a standard for digital deals on the internet.

IoT, Blockchain economic system, Crypto currency, Crypto economics, Smart Contracts, DApps

"BLOCKCHAIN SMART CONTRACTS – A FUTURISTIC PARADIGM", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 6, page no.I9-I14, June-2023, Available :http://www.jetir.org/papers/JETIR2306B02.pdf

"BLOCKCHAIN SMART CONTRACTS – A FUTURISTIC PARADIGM", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 6, page no. ppI9-I14, June-2023, Available at : http://www.jetir.org/papers/JETIR2306B02.pdf