![Bpointer-Smart Contracts Development | Bpointer | Bpointer Smart Contracts Development](https://bpointer.in/wp-content/uploads/2022/09/Bpointer-Smart-Contracts-Development.png)
Digital contracts known as “smart contracts” are executed automatically when certain circumstances are satisfied and are maintained on a blockchain.
Defining smart contracts
Simply put, smart contracts are blockchain-based algorithms that execute when certain criteria are met. They are often used to automate the implementation of an agreement so that all parties can be certain of the conclusion right away, without the need for an intermediary or additional delay. They can also automate a workflow such that when circumstances are met, the following action is executed.