Smart contract is a self-executing contract with the terms and conditions of the agreement directly written into code.
One of the most compelling aspects of smart contracts is their ability to automate processes and reduce the need for manual intervention.
Smart contracts also offer a high level of transparency. This eliminates information asymmetry and reduces the potential for disputes or misunderstandings, ultimately saving time and resources.
As the technology continues to mature and overcome challenges, it has the potential to revolutionize the way transactions are conducted and reshape the future of commerce.