Gartner Research

Managing the Risks of Enterprise Blockchain Smart Contracts

Published: 24 February 2020

ID: G00465806

Analyst(s): Avivah Litan , Martin Reynolds , Lydia Clougherty Jones

Summary

Blockchain smart contracts automate and accelerate outward-facing business processes. Application leaders must be aware of risks associated with smart contracts and mitigate these risks by designing controls into their applications and processes.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Evaluate Your Need for Smart Contracts, as Opposed to Regular Scripts or Traditional Contracts
    • Are Smart Contracts Necessary?
  • Map Linkages Between Business Events and Smart Contracts
  • Review Smart Contract Code Prior to Deployment, Identifying Points of Failure and Vulnerabilities
  • Implement Clear Legal Frameworks Across Blockchain Network and Smart Contract Participants

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