The technology that allows for the creation of decentralized applications on the blockchain is primarily referred to as smart contracts. These self-executing contracts operate on blockchain platforms, such as Ethereum, facilitating secure, transparent transactions without the need for intermediaries. Smart contracts automatically enforce the terms of an agreement when predetermined conditions are met, streamlining processes in various sectors, including finance, supply chain, and healthcare. Their decentralized nature enhances security and reduces the risk of fraud, creating new opportunities for innovative applications that leverage blockchain technology to create trust and efficiency.