Smart contracts can reduce costs, improve efficiency, and reduce risks in business processes, but face challenges and require further technical advances.

An Overview on Smart Contracts: Challenges, Advances and Platforms

Smart contract development faces challenges such as security, limited tools, programming languages, and performance issues, highlighting the need for improved resources and support.

Smart Contract Development: Challenges and Opportunities

Blockchain-based smart contracts face challenges in security, privacy, scalability, and programmability, with a growing focus on addressing these issues in research.

Smart contract applications within blockchain technology: A systematic mapping study

Theorem proving is the most common formalization technique for blockchain smart contracts, with 12 languages and 15 automated tools used to mitigate vulnerabilities.

Blockchain smart contracts formalization: Approaches and challenges to address vulnerabilities

This paper reviews 86 Ethereum smart contract analysis tools, categorizes them into static and dynamic categories, and highlights challenges and future recommendations in the field.

Ethereum Smart Contract Analysis Tools: A Systematic Review

Smart contracts offer potential benefits, but may face challenges in adapting to existing legal frameworks and ensuring their enforceability across jurisdictions.

Is a 'smart contract' really a smart idea? Insights from a legal perspective

Our SCRepair tool is an open-source, gas-aware, search-based approach for detecting and repairing bugs in smart contracts, ensuring secure transactions without relying on third parties.

Smart Contract Repair

This paper identifies six main strands of research on smart contracts, providing a structured overview for future smart contract research and identifying potentials and challenges for future work.

Smart Contracts on the Blockchain – A Bibliometric Analysis and Review

Smart contracts are vulnerable to attacks and vulnerabilities, despite widespread use of detection tools, highlighting the need for improved security measures.

Smart Contract: Attacks and Protections

This study clarifies common misconceptions and provides guidelines for proper management of smart contracts, aiding future standards on smart contracts.

Standardizing Smart Contracts

Smart contracts are not yet a fully functional, commercially viable, and legally viable technology that replaces traditional legal and financial institutions.

Smart contracts: terminology, technical limitations and real world complexity

Blockchain-enabled smart contracts have potential applications in various industries, but face technical challenges and need further research to mature.

Blockchain-Enabled Smart Contracts: Architecture, Applications, and Future Trends

Smart contracts have attracted global attention since 2016 and are now widely used in various industries, particularly in ICT, public management, supply chain, energy, finance, and healthcare.

A Review of Smart Contracts Applications in Various Industries: A Procurement Perspective

This survey explores formal models and specifications of smart contracts to understand common trends and identify gaps for future work in verifying their correctness.

A Survey of Smart Contract Formal Specification and Verification

Smart contracts may not eliminate inefficiencies in traditional contracts, as they lack the flexibility of human-language contracts and require full-defined terms, decentralization, and anonymity.

Smart Contracts and the Cost of Inflexibility

Blockchain technology can improve industrial organization and competition through smart contracts, but may encourage greater collusion due to the irreducible distribution of information during consensus generation.

Blockchain Disruption and Smart Contracts

Smart contracts have become a key component of blockchain technology, improving security, performance, and applications in various industries.

Security, Performance, and Applications of Smart Contracts: A Systematic Survey

Smart contract security requires a comprehensive study of issues and advances across four development phases, addressing common vulnerabilities and emerging challenges for blockchain engineers and researchers.

Smart Contract Security: A Software Lifecycle Perspective

This study identified 29 challenges in smart contract development and developed 20 software design patterns to help developers overcome them, enabling them to compare smart contract integration concepts across different DLT protocols.

Challenges and Common Solutions in Smart Contract Development

Smart contracts and blockchain technology can facilitate entrepreneurial collaboration and reduce transaction costs in smart supply chains, beyond just cost reductions.

Smart Contracts for Smart Supply Chains

These studies suggest that smart contracts can reduce costs, improve efficiency, and reduce risks in business processes, but face significant challenges in security, tools, programming languages, performance, scalability, privacy, and legal enforceability.