smartcontractdriven
Smartcontractdriven refers to systems, applications, or processes that are initiated, executed, and enforced automatically by smart contracts deployed on a blockchain. A smart contract is a self-executing contract with the terms of the agreement directly written into code. This code and the agreements contained therein exist across a distributed, decentralized blockchain network. The code controls the execution, and transactions are trackable and irreversible.
In a smartcontractdriven environment, traditional intermediaries are often eliminated or their roles are significantly reduced. For
The concept is applicable across various industries, including finance (Decentralized Finance or DeFi), supply chain management,