A local contract is a type of agreement or program that is executed on a blockchain. It operates autonomously once deployed, meaning that it can perform actions based on predefined rules without needing intermediaries.These contracts ensure that terms are clear and enforced automatically. For example, if specific conditions are met, they can release funds, transfer ownership, or perform other tasks. This eliminates the need for trust between parties, as the code itself enforces the agreement.Local contracts are often associated with decentralized applications (dApps), allowing users to interact directly with the blockchain. They can be customized for various use cases, including financial transactions, supply chain management, or decentralized finance services. Using local contracts can enhance security and transparency, as the code is visible and verifiable by anyone. They enable innovative solutions by automating complex processes while reducing costs and time associated with traditional contracts.