# 7.4 Application and Scope of Smart Contracts

<figure><img src="/files/wkxQgw8cSdsAQIfskJ4j" alt=""><figcaption></figcaption></figure>

GET uses Plutus Smart Contracts to achieve automation and transparent operations in the following areas.

<table data-header-hidden><thead><tr><th valign="top"></th><th valign="top"></th></tr></thead><tbody><tr><td valign="top">Field</td><td valign="top">Smart contract usage</td></tr><tr><td valign="top">Governance</td><td valign="top">Automatic processing of voting, proposals, approvals, and execution</td></tr><tr><td valign="top">Staking</td><td valign="top">Automation of locking conditions, reward distribution, and maturity processing</td></tr><tr><td valign="top">NFT issuance and sales</td><td valign="top">Issuance, ownership management, and royalty distribution from secondary trades</td></tr><tr><td valign="top">RWA tokenization</td><td valign="top">Issuance of proof-of-ownership NFT, divisional rights recording, and transfer history management </td></tr><tr><td valign="top">Crowdfunding</td><td valign="top">Stage distribution of support funds / automatic refund processing when funds are not reached</td></tr></tbody></table>

Plutus can introduce Formal Verification (Formal Verification), which allows a high level of assurance of the logical validity of smart contracts.


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