This research essay details the effects that a disruptive technology like smart contracts cloud computing might have on the businesses such as medical, construction or aerospace. Further, the types and impacts of such technology in our daily life is detailed.The essay is divided into four parts. The first part describes the purpose of the essay in detail and sets out the layout of the essay. The second part describes the technology which is disruptive in detail and provides the background and history of the same and describes how cloud computing and smart contracts have evolved and the how these items work in regular life. The third part describes the different of contracts that might occur. The fourth part describes the impact that the disruptive technology of cloud computing and smart contracts has on the businesses worldwide. This is followed by a conclusion which summarizes the arguments put forth within the essay.