The smart contract development company describe the five most reliable business applications of smart contract-

1. Supply Chain Management: Smart contracts can be used to streamline and automate the entire supply chain process from ordering and purchasing to delivery and payment. Smart contracts can be programmed to track the flow of goods and services, confirm delivery, and verify payments. 

2. Insurance: Smart contracts can be used to automate the claims and payment process in the insurance industry. Insurance companies can use smart contracts to easily process customer claims and make payments without having to manually review and approve the claim. 

3. Real Estate: Smart contracts can be used to automate the buying and selling process for real estate. Smart contracts can be programmed to securely store the details of the property, verify the buyer’s identity, and manage the transfer of funds from the buyer to the seller. 

4. Healthcare: Smart contracts can be used to securely store and manage patient medical records, as well as to automate the processing of insurance claims. Smart contracts can also be used to ensure that patient data is only shared with authorized healthcare providers. 

5. Banking: Smart contracts can be used to automate the processing of financial transactions, such as payments and transfers of funds. Smart contracts can also be used to securely store customer data and to verify the identity of customers.