Blockchain technology enhances contract management by providing a secure and decentralized platform for creating, executing, and recording agreements. Smart contracts—self-executing contracts with code—automate processes and ensure compliance without the need for intermediaries. This transparency reduces the risk of disputes and fraud, as all parties can access an immutable record of the transaction. Furthermore, blockchain’s decentralized nature enhances trust among parties, streamlining the contract management process and making it more efficient and reliable.