Smart Contract Development, Adoption and Challenges: The Powered Blockchain

The purpose of this paper is to understand smart contracts, its benefits over traditional agreements and technical explanation about its execution and deployment. We have highlighted its origin, characteristics and adoption among different industries and its purpose in the blockchain world. We will also discuss the significant mechanism and their communication for the Blockchain and Ethereum to work. This paper will also explain about concepts of Blockchain and Ethereum in brief for scripting Solidity contracts. Finally, we conclude the discussion with its benefits and hypothesis