Smart Contract (Blockchain)

A blockchain transaction that facilitates, verifies, or enforces the negotiation or performance of a contract, or that make a contractual clause unnecessary, via automated transactions that don’t require human intervention to successfully complete. Smart contracts run currently on the Ethereum network and its clones. A computer program stored in a blockchain that automatically moves digital assets between accounts if conditions encoded in the program are met. It serves as a way to create a mathematically guaranteed promise between two or more parties.