▪ Smart contract An autonomous computer program that tracks and enforces obligations between the parties to a transaction. The basic objectives of a smart contract are: - elimination of intermediaries; - reducing indirect dispute resolution costs; - eliminating transaction fraud. The technology saw the light thanks to the Ethereum blockchain, with the development of which it was highly appreciated by the cryptocommunity and acquired viral mass adopting. An example of the first similar application of this idea is considered to be a vending machine. Just as a vending machine replaces the seller of goods, a smart contract eliminates the need for an intermediary to carry out transactions through it.