Evaluating Resource Efficiency and Economic Benefits of Blockchain Smart Contracts Compared to Cloud Platforms

This study explores the resource efficiency and economic benefits of implementing blockchain smart contracts, focusing on comparisons with traditional cloud platforms. The analysis investigates various blockchain networks, emphasizing conditions that favor blockchain technology and situations where cloud solutions are superior. Key areas of comparison include transaction speeds, scalability, security, and resource allocation. The findings aim to guide decision-making regarding the choice of technological platforms for hosting smart contracts, striking a balance between the decentralized nature of blockchain and the managed resource efficiency of cloud environments.