Smart Contract

A computer protocol that is self-executing code that automatically executes and manages the execution of a contract between participants when certain conditions are met. The main idea of smart contracts is that they provide automatic and decentralized execution of agreements, without the need for intermediaries. Smart contracts operate on blockchain technology and are executed on blockchain platforms such as Ethereum. They can be used to automate and secure various types of transactions, including financial transactions, asset management, supply agreements and other transactions.