A hybrid is anything that combines two concepts, and a smart contract is a digital, automated contract. Hybrid smart contracts are therefore virtual contracts; however, they differ from regular contracts. In that case, hybrid smart contracts are powered by two networks: the blockchain network and the Decentralized Oracle Network (DON).
A hybrid smart contract links Blockchain (on-chain) code with off-chain data and computation. It maintains the immutable and tamper-proof characteristics of a blockchain. It employs a decentralized oracle network (DON), allowing it to create agreements utilizing off-chain data.
As Hybrid smart contract development services are interlinked with blockchain, it possesses larger support to any business and other industries. It performs significantly better than any other contract since it is both a smart contract and a DON.