Smart Contracts: Automating Trust Or Enabling New Risks?
Smart contracts are rapidly transforming industries, from finance and supply chain to healthcare and real estate. These self-executing agreements, written in code and stored on a Blockchain, are poised to revolutionize how we conduct business and interact with each other online. This article provides a comprehensive overview of smart contracts, their benefits, use cases, and the future they are building.
What are Smart Contracts?
Definition and Core Principles
A smart contract is a self-executing contract with the terms of the agreement directly written into code. It automatically enforces the obligations and conditions agreed upon by the parties involved, reducing the need for intermediaries and enhancing transparency.
Automation: Once deployed to a blockchain, smart contracts execute aut...








