A system and a method for transforming a contract into a digital contract for deployment over a decentralized platform. The system uses blockchain and artificial intelligence to automatically execute contracts. The system is configured to capture the intent, milestones and events of a contract in smart contract codes. In order to achieve this without any imposing transition costs on users, natural language processing is utilized to draft contract and the system generates the same contract in a pre-defined standardized form. The contract in standardized form is converted to respective parse tree and abstract syntax tree. The abstract syntax tree is converted to digital contract. The digital contract is compiled and deployed on to a blockchain network.