Aim of the experiment

Explore the concept of smart contracts, decentralized fund transfers through smart contracts, and network consensus to understand how blockchain technology enables secure, transparent, and automated financial transactions without intermediaries.

Applications of Smart Contracts

• Automated and trustless fund transfers
• Decentralized Finance (DeFi) protocols
• Supply chain transparency and tracking
• Real estate and property ownership transfer
• Voting systems with transparency
• Insurance automation (e.g., payouts on conditions)
• Peer-to-peer energy trading
• Licensing and royalty distribution for creators