Smart contracts are digital contracts that use blockchain technology to create digital contracts that are self-executing, self-enforcing, and secure. They are digital contracts that are automatically executed when certain conditions are met, without the need for a third-party to manually approve the contract. Smart contracts can be used to automate payments, create and manage digital assets, and enforce contractual obligations. Smart contracts are also beneficial because they are immutable, meaning that they cannot be changed or tampered with once they have been written and deployed. Visit the smart contract development company website to get more information.