The rise of blockchain technology and smart contracts has brought widespread attention due to their capacity to transform multiple industrial sectors through decentralized, transparent, secure transactions. However, despite their promise to revolutionize various fields worldwide, lingering concerns regarding security risks impede their adoption rate. Addressing these concerns is crucial now more than ever; therefore, we conducted a comprehensive literature review within our study's scope that focused on published papers between 2014-2023 centered around security risks concerning blockchain and smart contracts. Our systematic approach using the PRISMA checklist analyzed nine categorized research model-based primary studies while recognizing vulnerabilities in smart contract development and providing best practices to mitigate such issues. These findings benefit both researchers and practitioners as they showcase how acknowledging these vulnerabilities can further develop into exploring more significant aspects of blockchain technology's security issues and smart contract development processes. Our study contributes significantly by expanding knowledge in this field while providing novel insights valuable for individuals involved in designing or implementing blockchain technologies.
DOI: https://doi.org/10.1109/icimtech59029.2023.10278055
Publish Year: 2023
