A verifiable contract is a type of agreement that can be independently checked and confirmed by all parties involved. In the realm of blockchain and smart contracts, these contracts are written as codes that automatically execute actions when predefined conditions are met.Once deployed on a blockchain, all aspects of the contract—including its terms and conditions—are stored on a public ledger. This ensures transparency, as anyone can review the contract and its code to confirm its integrity and compliance with the agreed-upon terms.Verifiable contracts minimize the need for intermediaries, reducing costs and increasing efficiency. They also enhance trust, as outcomes are generated by the code without the possibility of manipulation. Ultimately, verifiable contracts offer a secure and reliable way to conduct transactions, ensuring that all parties can hold each other accountable to the terms agreed upon. This type of contract aligns incentives, promoting a more trustworthy environment for exchanges and interactions.