Cryptography
Smart Contract
A self-executing, code-based contract deployed on a blockchain that automatically enforces and executes agreed rules and transactions when predetermined conditions are met. Used in DeFi, custody, settlement, and asset management for trustless automation and compliance.
Quick answer: A self-executing, code-based contract deployed on a blockchain that automatically enforces and executes agreed rules and transactions when predetermined conditions are met. Used in DeFi, custody, settlement, and asset management for trustless automation and compliance.
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Quick answer
A self-executing, code-based contract deployed on a blockchain that automatically enforces and executes agreed rules and transactions when predetermined conditions are met. Used in DeFi, custody, settlement, and asset management for trustless automation and compliance.
Why it matters
Smart Contract matters because it supports clear communication in Cryptography contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
Editorial context
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Definition
A self-executing, code-based contract deployed on a blockchain that automatically enforces and executes agreed rules and transactions when predetermined conditions are met. Used in DeFi, custody, settlement, and asset management for trustless automation and compliance.
Operational example
Crypto portfolio custodians use smart contracts to automate settlement, staking, and asset transfers without manual intervention or counterparty risk.
Localized term
Smart Contract
Localized example
I custodi di portafogli crypto usano smart contract per automatizzare il regolamento, lo staking e i trasferimenti di asset senza intervento manuale o rischio di controparte.
Definition language
English reference definition
Source
CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
Target audience
- Financial Analysts
- Bankers
- Traders
