iv. Smart Contracts & Automation

Smart contracts and automation enable predefined rules and logic to be executed programmatically on blockchain systems. These mechanisms reduce manual intervention, enforce agreements consistently, and support scalable execution of transactions, permissions, and workflows.

Automation Logic

Predefined rules that trigger actions when specified conditions are met.

Conditional Execution

The ability for a contract to perform actions only when required criteria are satisfied.

Event Trigger

A condition or occurrence that initiates a smart contract function.

Execution Environment

The blockchain context in which smart contract code runs and is validated.

Immutable Code

Smart contract logic that cannot be altered once deployed without creating a new contract.

On-Chain Execution

The performance of contract logic directly on the blockchain network.

Programmable Agreement

A digitally encoded agreement that executes according to predefined rules.

Smart Contract

A self-executing program stored on a blockchain that enforces agreed-upon logic.

State Change

An update to the recorded condition or data resulting from contract execution.

Transaction Automation

The automatic initiation and settlement of transactions through contract logic.