I'd absolutely be happy to elaborate a little bit on that.
When we were talking about decentralized finance, I was giving you the example of this peer-to-peer network that is enabling people to participate in loan generation for a down payment towards a mortgage. Certain terms need to be there. If we work with a bank or a centralized organization, there's a decision-maker. That tends to be a human being who evaluates your creditworthiness, my ability to lend, your ability to repay and so on. They make a decision on that ability to happen.
A smart contract is essentially a programmatical way of entering all this information into a contract that is basically observed and triggered based on data that gets provided. Let's say we were to go online and generate a contract together: I'll loan you x amount for x percentage, and you will give me x amount in collateral, and if you pay it back by a certain date, you'll get your collateral back. This is all triggered by computer code, which is a smart contract. That enables a lot of innovation of peer-to-peer finance, which is decentralized finance.
That's one of multiple examples. For example, if we were to do tokenized real estate and there was to be a yield generated from the rent, we would distribute that automatically, based on the rules of ownership, through smart contracts. It a way of using software and information to trigger specific actions.