--- title: Smart Contract: The Building Block of DeFi;... description: DeFi is revolutionizing the financial landscape by utilizing blockchain and smart contracts to remove the need for traditional banks and intermediaries. It... canonical: https://daily.dev/posts/smart-contract-the-building-block-of-defi-decentralized-finance-uses-emerging-tech-to-remove-third-hzo6ioxdm twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Smart Contract: The Building Block of DeFi; Decentralized Finance Uses Emerging Tech to Remove Third Parties. | daily.dev og:description: DeFi is revolutionizing the financial landscape by utilizing blockchain and smart contracts to remove the need for traditional banks and intermediaries. It... og:url: https://daily.dev/posts/smart-contract-the-building-block-of-defi-decentralized-finance-uses-emerging-tech-to-remove-third-hzo6ioxdm og:image: https://api.daily.dev/og/posts/hZo6iOxdM.png og:image:alt: Smart Contract: The Building Block of DeFi; Decentralized Finance Uses Emerging Tech to Remove Third Parties. og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Smart Contract: The Building Block of DeFi; Decentralized Finance Uses Emerging Tech to Remove Third Parties. **[Coins Bench](https://daily.dev/sources/coinsbench)** · 5 min read · 4 upvotes · 0 comments ## Summary DeFi is revolutionizing the financial landscape by utilizing blockchain and smart contracts to remove the need for traditional banks and intermediaries. It offers greater accessibility, transparency, and security compared to traditional financial institutions. Smart contracts are self-executing contracts that automatically execute actions when predetermined conditions are met. They are the building blocks of DeFi, enabling trustless and decentralized transactions. While there are limitations to smart contracts, the future of DeFi and smart contracts is expected to bring new and better ways for people to handle money online. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: --- Tags: [#blockchain](https://daily.dev/tags/blockchain), [#web3](https://daily.dev/tags/web3), [#smart-contracts](https://daily.dev/tags/smart-contracts), [#defi](https://daily.dev/tags/defi), [#decentralized-finance](https://daily.dev/tags/decentralized-finance) [View this post on daily.dev](https://daily.dev/posts/smart-contract-the-building-block-of-defi-decentralized-finance-uses-emerging-tech-to-remove-third-hzo6ioxdm) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Smart Contract: The Building Block of DeFi; Decentralized Finance Uses Emerging Tech to Remove Third Parties.","url":"https://daily.dev/posts/smart-contract-the-building-block-of-defi-decentralized-finance-uses-emerging-tech-to-remove-third-hzo6ioxdm","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/smart-contract-the-building-block-of-defi-decentralized-finance-uses-emerging-tech-to-remove-third-hzo6ioxdm"},"datePublished":"2024-02-09T10:53:34.407Z","dateModified":"2024-05-09T08:29:02.242Z","description":"DeFi is revolutionizing the financial landscape by utilizing blockchain and smart contracts to remove the need for traditional banks and intermediaries. 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