Process Automation

Definition ∞ Process automation involves using technology to execute tasks or workflows automatically without human intervention. In blockchain and digital asset systems, this is primarily achieved through smart contracts, which automatically execute predefined actions when specific conditions are met. This capability reduces operational costs, minimizes human error, and increases the speed and efficiency of transactions and agreements. It forms a fundamental aspect of decentralized applications and their ability to operate autonomously.
Context ∞ Process automation through smart contracts is a core driver of efficiency and trust in decentralized finance and other blockchain applications. A key discussion point concerns the security auditing of these automated contracts to prevent vulnerabilities and unintended outcomes. Future developments will likely involve more sophisticated AI-driven automation within decentralized systems, further streamlining complex operations and decision-making.