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ArticlePeer ReviewedOpen AccessPlagiarism Passed
Paper ID:IJSREM44427

Smart Contracts: Revolutionizing Legal and Business Transactions through Blockchain Technology

Stream/Area:

-

Subject:

-

Paper ID:

IJSREM44427

Volume:

9 |

4 |

Apr 2025

Pages:

Publication Frequency:

Monthly (12 issues per year)

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Not assigned

License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.

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Authors

AT

Adarsh Tiwari

AG

Anushree Gupta

IT

Ishaan Tiwari

PT

Pushpendra Tiwari

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Abstract

Blockchain technology has significantly impacted various industries, with smart contracts standing at the forefront of this transformation. These self-executing contracts, encoded on blockchain platforms, eliminate intermediaries and automate transactions, offering enhanced efficiency, security, and transparency. This paper examines the evolution of smart contracts, their legal implications, and real-world applications across sectors such as finance, supply chain, and real estate. Furthermore, the paper discusses the challenges in adopting smart contracts, such as legal uncertainties, scalability issues, and security risks, while proposing potential solutions for their wider integration.

KEYWORDS

Smart Contracts Blockchain Technology Legal Implications Decentralized Finance Supply Chain Real Estate Regulatory Frameworks Security Risks

Cite This Article

Adarsh Tiwari, Anushree Gupta, Ishaan Tiwari, Pushpendra Tiwari, "Smart Contracts: Revolutionizing Legal and Business Transactions through Blockchain Technology," International Journal of Scientific Research in Engineering and Management, vol. 9, no. 4, Apr 2025.

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4/13/2025

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The authors declare no conflict of interest related to this research work.

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