Smart Contracts: Roadway to Global Village

In the 21st Century in the world of computers everything is digitalized. This is an era of smart phones, smart classes and smart contracts. The world is being held in our palms. Contracts are being entered into across the globe day in a day out. Smart contract solves the issue of physical distance. This paper throws light on origin of smart contracts, its progression, its usage, its merits and demerits. The paper throws light on the Indian laws which revolve around smart contracts. The author has incorporated suggestions for the better execution of smart contracts