What is a Smart contract?
A Smart contract is nothing but in simple terms, it is a digital agreement made using blockchain technology for immutability and security. Smart contract involves the self-enforcing, self-executing protocols as made by the agreement terms and conditions thus transforming the way of bonding or severe agreements made for several industries such as banking & finance, real estate, Insurance, healthcare, telecom, and supply chain etc. Moreover, the smart contracts are basically written in C# language and then wrapped with a web-based front end. The smart contract has been developed without the involvement of a third party, the terms and conditions of this smart contract can be agreed upon by the two parties alone and the ledger stores data from smart contracts, enhancing security.
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