1. Autonomy and saving:

smart contracts do not need brokers or other intermediaries to confirm the agreement; thus they eliminate the risk of manipulation by third parties.

Moreover, the absence of intermediaries in smart contracts results in cost savings.

1. Trust and Transparency:

Because there is no third party involved, and because encrypted records of transactions are shared across participants there is no need to question whether information has been altered for personal benefit.

1. Efficiency and accuracy:

Because Smart contracts are digital and automated, there is no paperwork to process and no time spent reconciling errors that often result from manually filling in documents.

1. backup:

All the documents stored on the blockchain are duplicated multiple times; thus, originals can be restored in the event of any data loss.