Smarter and resilient smart contracts applications for smart cities environment using blockchain technology

Abstract

Our daily activities revolve around various technologies, the smart city technologies and the services they offer have all influenced modern living conditions. The purpose of a smart city is to enhance people's quality of life and provide possibilities to address social and environmental issues. As a developing technology, blockchain is beneficial for enhancing smart city services including food tracking, supply-demand matching, the security of connected cars, and regulatory compliance. We propose a new framework for describing how blockchain technology is used in smart contracts to improve security, dependability, and many other positive outcomes in a smart city environment. We propose smarter and resilient smart contracts using blockchain technology to manage real estate information. We propose a framework with tamperproof functionality to store the data and retrieve the data. Smart contract mathematical computations like overhead rate, execution time, mean computational cost, standard deviation, throughput, and resource utilization are evaluated and the results are compared. This paper focuses on real-world rental file management scenarios to demonstrate the benefits of blockchain technology and how it is used to address the issues that currently exist in developing smart contracts and services while exchanging real land and other properties in a smart city environment.