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Why are smart contracts important?
The importance of smart contracts is mainly reflected in the following aspects:

Decentralization, disintermediation:
Smart contracts do not rely on any intermediaries (such as banks, lawyers, governments, etc.) to execute the contract content. It is completely controlled by the code, and once the rules are set, the contract is automatically executed. In this way, not only do you save on intermediary fees, but you also avoid human error.

Automated Execution:
Once the conditions are met, the smart contract is executed automatically without any human intervention. This makes execution faster and reduces processing time and costs.

Transparent & Trustworthy:
Smart contracts are blockchain-based, so all execution is public, and anyone can view the content and execution of the contract. This makes the entire contract process more transparent and cannot be tampered with, ensuring the trustworthiness of the data

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Security:
Once a smart contract is deployed on the blockchain, its code cannot be modified, preventing malicious tampering. The decentralized nature of blockchain also means that there is no single point of attack, and it is very difficult for attackers to tamper with data that has already been confirmed.