Smart contracts do not need brokers or other intermediaries to confirm the agreement; thus, they eliminate the risk of manipulation by third parties.
All the documents stored on the blockchain are duplicated multiple times; thus, originals can be restored in the event of any data loss.
Using smart contracts results in the elimination of errors that occur due to the manual filling of numerous forms.
Smart contracts are encrypted, and cryptography keeps all the documents safe from infiltration.
Smart contracts automate tasks by using computer protocols, saving hours for various business processes.