A Smart Contract is a self-executing contract with the terms of the agreement directly written into code. It runs on a blockchain, which is a decentralized digital ledger, ensuring that the contract is secure and tamper-proof. When predefined conditions are met, the contract automatically executes the agreed-upon actions without the need for intermediaries. These contracts are often used in various applications, such as financial transactions, supply chain management, and digital identity verification. By utilizing blockchain technology, Smart Contracts enhance transparency and efficiency, reducing the risk of fraud and the need for manual oversight.