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In magento2 service contract is a set of classes and interfaces that provide some services that hides the business logic and also provides data integrity, so you can create modules using magento2 service contract layer without worrying about the magento2 upgrades(until any major ones) .
The DTO interface extends the Magento\\Framework\\Api\\ExtensibleDataInterface.
Service contracts ensure that your equipment is maintained in optimal condition, mitigating possible failures and reducing the probability of post-outage scrambles to arrange for emergency restoration.
The Magento web API framework provides integrators and developers the means to use web services that communicate with the Magento system. Key features include: Support for GraphQL, REST (Representational State Transfer) and SOAP (Simple Object Access Protocol).
A service contract is a set of PHP interfaces that are defined for a module. A service contract includes data interfaces, which preserve data integrity, and service interfaces, which hide business logic details from service requestors such as controllers, web services, and other modules.