Smart contracts have begun to transform the way businesses build their digital products, automate processes, and make deals without fully relying on third parties. With the further advancement of Web3, smart contracts have evolved and become better integrated with blockchain and real business processes. The technological progress in areas like artificial intelligence, blockchain...

Introduction to Web3 and Smart Contracts Web3 is an architectural upgrade of the web; an upgrade that involves substituting hierarchy with cryptographic integrity and programmable trust. The core of this change is the smart contracts: deterministic code fragments that are deployed on the blockchains and that run contracts without any intermediaries. In contrast to the traditional systems where...

Introduction The structure of trust is being rewritten. In place of the paperwork, intermediary, and lengthy reconciliation that was a factor behind agreements, there is programmable logic that dictates the value exchange. In the center of this transformation, there are the Web3 smart contracts that introduce the element of certainty in online communication. Their impact is not abstract, but...

Introduction By the year 2026, the period of experiments surrounding digital transformation would have come to pass, giving way to full certainty in operation. The concept of digital transformation by that time would have entailed full operational certainty. In such a business environment whereby trust and efficiency were determined by algorithms, and automation was anticipated from processes,...