smart contract platforms

Smart contract platforms are digital systems that automatically execute and enforce agreements encoded as computer programs on a blockchain. They eliminate the need for intermediaries by ensuring actions occur only when predetermined conditions are met. For example, a smart contract can automatically release funds once a product delivery is confirmed. These platforms increase transparency, security, and efficiency in transactions, making complex processes seamless and trustworthy without relying on traditional legal or financial institutions. Examples include Ethereum, Binance Smart Chain, and Polkadot, each enabling developers to create decentralized applications that operate securely and autonomously.