Following are some examples of Smart Contract utilization. Insurance: The policy terms can be encoded into a smart contract. At the time of claim, prescription or medical certificates can act as the input trigger for the smart contract to release the payment. Supply Chain: Smart contracts can provide a transparent and permanent record of the goods transit between multiple parties. Payments can be executed automatically upon the delivery, and inventory gets updated automatically in real-time. Voting: Smart contracts make voting safe and convenient. It can validate voters’ identities to prevent multiple votes. It could widen accessibility, encourage voter participation, and pace up the process of reporting and tallying votes. Real Estate: Smart contracts can record property ownership of any structure. They reduce the need for lawyers or brokers and optimize transaction speed and efficiency. Finance: Smart contracts can reduce costly errors by automating workflows and speeding up accurate calculations to reduce work hours as well.