Smart contract

A Smart contract is a self-executing computer program that automatically enforces the terms of an agreement between two or more parties. It is programmed to execute a specific set of actions under certain conditions, without the need for intermediaries or centralized control. Smart contracts are based on blockchain technology and are designed to enable trust and transparency among parties by ensuring that everyone has access to the same information, and that the terms of the contract are executed without error or fraud. Smart contracts can be used for a wide range of applications, from financial transactions to supply chain management and more.