A review of Smart Contract Blockchain Based on Multi-Criteria Analysis: Challenges and Motivations

TL;DR

This paper reviews the challenges and motivations of smart contracts on blockchain, emphasizing multi-criteria analysis to enhance interaction efficiency, trust, and decision-making in decentralized systems.

Contribution

It provides a comprehensive review of smart contract challenges and motivations using multi-criteria analysis, highlighting the need for blockchain integration to improve decentralized decision-making.

Findings

Blockchain enhances trust and information exchange in smart contracts.

Multi-criteria analysis improves smart contract decision-making and performance.

Implementation challenges include decentralization and performance issues.

Abstract

A smart contract is a digital program of transaction protocol (rules of contract) based on the consensus architecture of blockchain. Smart contracts with Blockchain are modern technologies that have gained enormous attention in scientific and practical applications. A smart contract is the central aspect of a blockchain that facilitates blockchain as a platform outside the cryptocurrency spectrum. The development of blockchain technology, with a focus on smart contracts, has advanced significantly in recent years. However research on the smart contract idea has weaknesses in the implementation sectors based on a decentralized network that shares an identical state. This paper extensively reviews smart contracts based on multi criteria analysis challenges and motivations. Therefore, implementing blockchain in multi-criteria research is required to increase the efficiency of interaction between users via supporting information exchange with high trust. Implementing blockchain in the multi-criteria analysis is necessary to increase the efficiency of interaction between users via supporting information exchange and with high confidence, detecting malfunctioning, helping users with performance issues, reaching a consensus, deploying distributed solutions and allocating plans, tasks and joint missions. The smart contract with decision-making performance, planning and execution improves the implementation based on efficiency, sustainability and management. Furthermore the uncertainty and supply chain performance lead to improved users confidence in offering new solutions in exchange for problems in smart contacts. Evaluation includes code analysis and performance while development performance can be under development.