Definition ∞ Blockchain automation refers to the use of blockchain technology to execute processes and agreements automatically without human intervention. This is primarily achieved through smart contracts, which are self-executing agreements with the terms directly written into code. It removes the need for intermediaries and reduces operational costs.
Context ∞ Reports on enterprise blockchain solutions and decentralized finance (DeFi) frequently cover blockchain automation, emphasizing its potential for efficiency and transparency. Discussions often focus on the security auditing of smart contracts, as errors in their code can lead to significant financial losses. The ongoing expansion of Web3 applications heavily relies on advancements in this automated execution capability.
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