o:10394 Smart contracts for financial security: Process automation, risk mitigation, and organizational implications en Abstract: Smart contracts are one of the most prevalent and important blockchain-based technologies in the field of financial security, as the automatic execution of predefined rules provides additional efficiency, lowers costs and minimizes the involvement of intermediaries. This research will examine the use of smart contracts for process automation, risk reduction and organizational restructuring in the financial sector. In particular, the interaction between centralized and decentralized financial systems, the technology behind the implementation of blockchain and security issues associated with the use of smart contracts will be considered. At the same time, escrows will be presented as an example of the practical use of smart contracts for financial operations. The results of this analysis will show that smart contracts can be used as a means to increase the reliability of financial operations; however, their widespread use depends on proper regulation, security assessment and integration with the existing financial infrastructure. Keywords: Smart contracts, blockchain technology, financial security, decentralized finance (DeFi), escrow mechanism 1552101 2334-735X 1552099 10.5937/jpmnt14-68025 2026-09-23T11:06:05.281Z 44 yes 46 Svetlana Marković Univerzitet Privredna akademija u Novom Sadu, Pravni fakultet za privredu i pravosuđe, Srbija 0000-0003-2776-6519 Radovan Vladisavljević Univerzitet Privredna akademija u Novom Sadu, Fakultet za ekonomiju i inženjerski menadžment - FIMEK, Srbija person 0000-0002-8502-8584 Marko Marković Univerzitet Privredna akademija u Novom Sadu, Fakultet za primenjeni menadžment, ekonomiju i finansije, Beograd, Srbija person 0009-0002-6449-6589 application/pdf 545164 https://unilib.phaidrabg.rs/o:10394 no yes 16 70 92000001 211A01 Journal of process management and new technologies 14 1-2 104 116 2026