15 Examples of Smart Contracts in Blockchain Technology

The global smart contracts market was valued at USD 2.14 billion in 2024, projected to reach USD 2.69 billion in 2025, and USD 12.07 billion by 2032, with a CAGR of 23.9% during the forecast period.

In supply chain management, 70% of companies report increased visibility. DeFi applications using smart contracts boast a TVL in excess of $100 billion as of 2023. These trends point toward the gargantuan effect smart contracts have in the different industries.

A smart contract agreement between a buyer and seller that is directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. 

As a result, the smart contract automatically executes actions when it meets predetermined conditions. These smart contracts cut down the use of intermediaries, hence offering a faster and less expensive procedure.

“Smart contracts aren’t just code – they write trust directly into the blockchain.“

– CEO Cubix, Salman Lakhani 

This blog will discuss 15 examples of smart contracts causing huge disruptions in various industries. These provide the examples of smart contracts affecting the traditional system and affording new opportunities.

Decentralized Finance (DeFi) Lending Platforms

One of the greatest applications of blockchain smart contract technology is DeFi platforms. Such platforms as Aave and Compound are essentially intermediaries between people who wish to lend and borrow cryptocurrencies. Smart contracts are unbreakable in ensuring fairness, providing security, and maintaining transparency throughout the transaction, making them prime examples of Smart Contracts in the financial sector.

Therefore, when a user wants to lend or borrow, the smart contract enforces the terms of the agreement without human intervention. This contract manages the entire lending and borrowing process, from calculating interest to handling repayment.

Smart contracts play a big role in making these platforms more efficient and secure. DeFi staking platforms let people get rewards for providing liquidity in a decentralized way.

Read More: What are Smart Contracts in Blockchain?

Supply Chain Management

In supply chain management, smart contracts verify product authenticity and track movement. Through blockchain, companies may exercise fraud and maintain transparency throughout the supply chain.

For example, the IBM Food Trust network uses blockchain smart contracts to trace the origin of food products. This example of a smart contract ensures that all transactions in the supply chain get recorded on an immutable and secure ledger.

Smart contracts trigger certain actions automatically. For example, they may release payments once goods reach their endpoint. Doing this reduces delay, speeds up processing, and improves trust between involved parties. This automation is one of the simplest yet most effective examples of Smart Contracts in real-world business operations.

Read More: Smart Working with Blockchain-Based Smart Contracts

Tokenized Real Estate

Smart contracts also allow property tokenization in real estate. Tokenization is the division of one property into digital tokens representing ownership; users can buy, sell, and transfer tokens over the blockchain.

Designing and developing smart contracts automates the entire property transaction process. Such contracts will verify ownership, release payments, and transfer property titles upon fulfillment of the pre-agreed-upon conditions. These use cases are notable Examples of Smart Contracts applied in the real estate sector.

An example of smart contract platform using its benefits to ease real estate transactions is Propy. It makes the whole process fast, transparent, and accessible to a worldwide audience.

Read More: How to Make Money with Smart Contracts

Insurance Contracts

Traditionally, insurance claims and payout processes have involved intermediaries. However, with the advent of smart contracts, an era of automation with fewer intermediaries just started.

Using smart contract programming, the Etherisc platform underwrites decentralized insurance products. This example of smart contract automatically verifies the claim and disperses payments. Moreover, when a claim-triggering event occurs (e.g., flight delay or weather catastrophe). 

Consequently, this ensures faster and more efficient payouts while eliminating human errors that typically plague the claims process.

Read More: Launching Your First Token on DEX

Digital Identity Verification

Smart contracts are utilized in digital identity management. Furthermore, the decentralized identity system provides users with more control over their personal data. With the use of smart contracts, individuals can share their identity information with third parties without trusting a centralized source.

For example, Sovrin is a decentralized identity solution that will use smart contracts and blockchain technology to enable identity verification securely. As a result, the smart contract embedded therein would ensure that only parties authorized by users can see certain data, thus providing security and privacy.

Read More: 20 Best Examples of Blockchain Technology

Healthcare Data Management

The healthcare industry is responsible for a large amount of sensitive data. Moreover, smart contracts allow secure storage and sharing of patient records while ensuring privacy. Blockchain can assist in ensuring data is correct, updated, and accessible only by authorized entities.

Through Solve.Care, blockchain smart contracts are used for managing the patient’s care and the administration itself. For instance, this example of a smart contract automates tasks such as scheduling appointments, approving treatments, and communicating with patients.

With DApp, healthcare systems can build decentralized applications for better management of data, simplified workflows, and reduced fraud.

Read More: DApps vs. Smart Contracts – All You Need to Know

Intellectual Property Protection

Intellectual property rights (IPRs) are necessary for creators; however, the management of IP has often been complex. Smart contracts can help automate the protection of IP and the transfer of IP rights. Through blockchain technology, creators will register their works, with smart contracts automatically enforcing copyright provisions. 

An example of smart contracts utilizing blockchain for the management of IP rights is Myco. This allows artists and inventors to register, track, and transfer their intellectual property securely, without intermediaries.

Read More: Blockchain Smart Contract – The Backbone of Web3 Applications

Cross-Border Payments

Smart contracts accelerate cross-border payment mechanisms by automating currency exchange and settlement processes. In contrast, the traditional cross-border payment method faces issues such as swiftness and cost-effectiveness, along with susceptibility to currency fluctuations. Smart contracts, on the other hand, facilitate secure dealings in real-time without the intervention of third parties.

With everything being stated, Stellar is one among those platforms using blockchain smart contracts to facilitate cross-border payments. Through relevant smart contract automation, transactions on Stellar are much cheaper and faster and now accessible to the population worldwide.

Read More: Smart Contract Audit Cost – Complete Breakdown

Decentralized Autonomous Organizations (DAOs)

In addition, DAOs are organizations whose management is primarily conducted by code rather than human managers. Theoretically, the smart contract is the most important point in the functionality of a DAO. It implements resolutions derived from members of the organization, while decentralized and transparent governance remains on record.

One such DAO that utilizes smart contracts for governance and operations is MakerDAO. These contracts control the issuance and distribution of its stablecoin, Dai, thereby guaranteeing total decentralization of the platform.

Read More: How to Create your own Stablecoin

Gaming Industry

Smart contracts are widely used in the gaming sector to automate in-game purchases, distribute rewards, and govern player-owned assets. Smart contracts empower players to exchange and sell or purchase, even create their own in-game items. This guarantees that no centralized authority assumes control of the process. 

Decentraland employs blockchain smart contracts to enable players to buy, sell, and trade virtual assets in a decentralized manner. This example of smart contracts allows gamers full control over their digital assets, including land and skins.

Read More: Key Blockchain Gaming Trends for 2025

Voting Systems

Smart contracts have been developed to improve the safety and transparency of voting systems. Consequently, voting is a process mired in problems such as fraud, miscounts, and voter suppression. Using smart contracts, it is thus possible to create an anonymous but transparent and tamper-proof voting system. These initiatives are among the most notable Examples of Smart Contracts in action.

Horizon State is using blockchain smart contracts for safe and transparent voting. By relying on the smart contracts, Horizon State ensures accurate and secure counting of the votes.

Read More: A Simple Guide to Web3 Development Stack

Automated Legal Contracts

The legal industry is traditionally known for its paperwork and in-between people. Smart contracts are speeding up and improving the efficiency of legal processes by automating contracts and agreements. Therefore, minimizing human intervention and ensuring quick execution. 

OpenLaw is a good example of smart contract platform for legal agreement settlement. OpenLaw is a DApp development platform where users create, execute, and securely store legal contracts on the blockchain.

Read More: Best Practices for Smart Contract Development

Energy Trading Platforms

Smart contracts power energy markets by enabling peer-to-peer energy trading. They automate transactions, allowing users to buy and sell energy directly without a third party.

Power Ledger is a more widespread blockchain platform where smart contracts provide decentralized energy trading. The contracts automate the buying and selling of energy between individuals and businesses, granting transparent arrangements and fair pricing.

Read More: EMS Software – The Engine to Sustainable Energy Management

Car Leasing and Rental

Automating payment and transfer processes in the car leasing and rental industry with smart contracts. With the smart contract, the users can rent or lease their cars without any requirement of third persons. 

The CarBloc platform uses blockchain technology and smart contracts to automate car leasing and rental processes. Smart contracts handle payment transfers, car transfers, and contract execution, delivering a smooth and efficient user experience.

Event Ticketing

Smart contracts are revolutionizing event ticketing. Blockchain technology can ensure ticket authenticity and prevent duplication and resale at inflated prices.

GUTS tickets harnesses blockchain smart contracts for safe, clear, and fraud-proof ticket systems. This example of smart contract ensures tickets are not resalable and are not subject to forgery upon verifying the transaction.

According to Grand View’s data, the smart contracts market generated USD 1,873.7 million in 2022 and is projected to explode to USD 271,392.5 million (USD 271.4 billion) by 2030, reflecting an astronomical CAGR of 88%.

Why Cubix Is Your Trusted Smart Contract Development Company

Cubix ranks among the top smart contract development companies, earning recognition from startups and enterprises worldwide. With extensive expertise in blockchain, smart contracts, and DApp Development to deliver solutions-security, scalability, and tailor-made for its clients. 

We guarantee precision and innovation, whether it be DeFi staking, NFT marketplace development, or crypto wallet integration. From blockchain protocols right up to deployment, the whole package is delivered that provides super-fast and reliable outcomes. We also specialize in creating secure and practical solutions inspired by Examples of Smart Contracts, ensuring your blockchain applications are robust and future-ready. Therefore, choose Cubix to realize your blockchain dreams in real-world applications, with industry-leading experience and cutting-edge technology.

Read More: A Complete Beginner’s Guide to Blockchain Technology