6 Smart Contracts that Permanently Shifted the Business Landscape

Smart contracts are self-executing contracts with the terms of agreements directly written into code. They function on decentralized blockchain networks, allowing trusted transactions and agreements to occur between anonymous parties without the need for a central authority, legal system, or external enforcement. This groundbreaking technology has dramatically shifted how businesses operate across various sectors. Here, we explore 6 smart contracts that have made a profound impact on industries, showcasing the transformative power of blockchain technology.

1. Ethereum

Ethereum, the second-largest cryptocurrency by market capitalization, pioneered smart contracts, showcasing their vast potential. Its smart contracts have powered decentralized finance (DeFi) applications, Initial Coin Offerings (ICOs), and Decentralized Autonomous Organizations (DAOs). These innovations have disrupted traditional financial services by creating systems that are more transparent, accessible, and immune to censorship. Ethereum's smart contracts are at the heart of reshaping global finance.