Smart contracts streamline business processes by automating contract execution and enforcing terms via blockchain technology. These self-executing contracts contain the agreement's terms coded into them, eliminating the need for intermediaries. When predefined conditions are met, the contract executes automatically, resulting in reduced transaction times and lower operational costs. This efficiency minimizes human error and enhances trust between parties, as the terms are immutably recorded on the blockchain. As a result, smart contracts can transform various industries by providing transparent, efficient, and secure transaction solutions.