Smart Contract Lifecycle Management: Design, Deployment, Monitoring, and Evolution in Blockchain Systems

Abstract

Authors: Amar Negi, Neha Srivastav, Imran K. Shaikh, Sudhir Singh, Sneha Chaudhary

Abstract: Smart contracts have emerged as a foundational component of blockchainbased systems, enabling automated, transparent, and trustless execution of agreements without intermediaries. While much research has focused on smart contract design and security, comparatively less attention has been given to the complete lifecycle management of smart contracts. Smart Contract Lifecycle Management (SCLM) encompasses all stages from requirement analysis and design to deployment, execution, monitoring, maintenance, and eventual termination or upgrade. Effective lifecycle management is critical due to the immutable and decentralized nature of blockchain platforms, where errors can lead to irreversible financial and operational consequences. This paper presents a comprehensive review of smart contract lifecycle management, discussing each lifecycle phase, associated challenges, tools, and best practices. The paper also explores governance models, upgrade strategies, and the role of automation and artificial intelligence in improving lifecycle efficiency. By synthesizing existing literature and practical implementations, this work aims to provide a structured understanding of SCLM for researchers and practitioners working in blockchain ecosystems.

Keywords: Smart Contracts, Blockchain, Lifecycle Management, Decentralized Applications, Contract Upgradability, Governance