What are smart contracts, and how are they beneficial in real-world use cases?  

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A Smart contract is a computer program or a transaction protocol which automatically executes, control or document legally relevant events or actions according to the terms of a contract/program.
This system of automatic execution allows complex transactions to get executed between two parties without requiring an intermediary, any central authority, legal guidance, or an enforcement system. These also helps to solve the issue of mistrust between parties and business partners.
Smart contracts enable variety of advantages for a good range of industries, reducing unnecessary costs and time expenditure while enhancing transparency. Smart contracts give autonomy, trust, backup with complete safety. The accuracy is not at all compromised with faster speed in completion of task, in fact, it enables savings. The benefits of smart contracts are most apparent in business collaborations wherein it brings simplicity and efficiency to every financial transaction.

Read more:- https://blog.jdcoin.us/what-are-smart-contracts-and-how-are-they-beneficial-in-real-world-use-cases/
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