Smart contracts are a piece of software which store the rules by which the terms of an agreement is to be negotiated. The software automatically verifies the fulfilment of the agreement and then executes the agreed terms. Smart Contract Development is the king of contract execution that eliminates the need of third parties in ensuring the fulfillment of contractual clauses. For more: https://blog.infinitemlmsoftware.com/smart-contract-development-a-complete-guide/