What is a smart contract? Johanna Maaghul February 14, 2018 02:41 Updated A smart contract is a decentralized application that facilitates financial exchanges for services. Smart contracts are also known as self-executing contracts. Read more about smart contracts here. Related articles Who is ODEM’s legal advisor for the Token Sale? What is a blockchain? What is a digital token? How will the ODEM Token be created? What is ODEM?