How Do Smart Contracts on a Private Blockchain Differ from Stored Procedures in a Traditional Database?

Smart contracts are self-executing agreements with the terms directly written into code, enforced by the blockchain network. They execute automatically and immutably based on predefined conditions.

Stored procedures are pre-compiled SQL code executed by the database management system. While both automate logic, smart contracts operate in a decentralized, tamper-proof environment, ensuring trustless execution among multiple parties.

Stored procedures rely entirely on the central database administrator's trust.