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Automated agreements: Smart contracts are self-executing contracts with terms written directly into the code. Blockchain-based: They run on blockchain technology, ensuring transparency and immutability. Decentralised: Smart contracts operate on a decentralised network, eliminating the need for intermediaries. Code-driven: Conditions and actions are predefined in the code, allowing for automatic execution when criteria are met. Immutable: Once deployed, smart contracts cannot be changed, providing security and trust in transactions. Trustless: Parties can rely on the logic of the smart contract, reducing the need to trust a centralised authority. Efficient: Automating processes reduces paperwork, minimises errors and speeds up transactions. Cost-effective: Eliminating intermediaries and manual processes reduces transaction costs. Diverse applications: Smart contracts can be used in a variety of areas, including finance, supply chain and legal agreements. Conditional execution: Actions are triggered when pre-defined conditions are met, ensuring precision in contract performance.

8b0aca5185e6b8c49b750ef07d1802c15343d10617aab854bda011faccc4d8ce1

Decentralised Finance (DeFi) is a compelling business opportunity that is revolutionising traditional financial services. DeFi leverages blockchain technology to provide a decentralised alternative to banking, lending and trading. This open and permissionless financial ecosystem allows users to access financial services without relying on traditional intermediaries, driving financial inclusion globally. Entrepreneurs are capitalising on the growth of DeFi by creating innovative platforms for decentralised lending, yield farming and decentralised exchanges. Smart contracts enable the automation of financial processes, reducing the need for intermediaries and lowering transaction costs. However, the fast-paced nature of the DeFi space comes with risks, including vulnerabilities in smart contracts and market volatility. As the regulatory landscape evolves, companies navigating the DeFi space must remain agile to seize opportunities while mitigating potential challenges.