Smart contracts are self-executing contracts that run on blockchain technology. They follow a certain protocol. The conditions that are coded into the contract need to be met so that it is executed. A Dapp is a decentralized application that is connected to blockchain using smart contracts. They are computer applications that work on a peer-to-peer system. It is a common misconception that smart contracts and decentralized apps are the same thing. But this is not true. They both operate with the same technology - blockchain. But they are different. Both smart contracts and dapps are great tools to enhance business. Eager to build your own? Blockchain App Factory can help you by providing quality services.