They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary's involvement or time loss.
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A "smart contract" is simply a program that runs on the Ethereum blockchain.
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Kartik Garg is a full-stack developer at AIBContracts, back-end and blockchain developer. He leads the Entrepreneurship Group, in the undergraduate and graduate programs, teaching actively in both of these.
Keshav Agarwal is a full stack web developer.
Harshit Sharma is a back-end developer.
A smart contract is an agreement between two people in the form of computer code.
