Evolution of Blockchain and Smart Contracts: A State of the Art Review

Over the years, the methods of transaction have changed swiftly although the trading process had a dynamic increase and decrease. Passing over a trajectory of greater assets in the financial world we now have Blockchain technology that determines decentralization and monetary values. Smart Contracts are generally referred as digital contracts that allow two parties to take on some form of exchange and that could be anything such as a cash transfer to property transfers such as homes, objects, NFTs, crypto currencies and a lot more. This will definitely disturb several industrial sectors around the world, which includes trade, marketing, medical, real estate. Evolving in every shape and form from the very beginning, most certainly blockchain and smart contract will take over every aspect of the future paving the way for a conservative world that ultimately yearns decentralized system. This paper will be one stop destination for understanding the evolution of blockchain and smart contracts.