smartscreen.exe is a program which is most likely NOT a virus. So, if smartscreen.exe is on your computer, it is most likely ok, and will NOT be a cause for concern. Even if your system is virus-free, it is still recommended to purchase a good antivirus with a good detection rate, in order to defend your system against viruses and malware.
Usually, this program is found in C:\Windows\System32\smartscreen.exe.
The MD5 fingerprint for this executable is 521ed922765bca8f79bd76188f879311.
This program is NOT registered as a Windows service. This is good.
This executable uses the Internet to communicate. In this day and age this is ok. For example, most of the apps on your computer check for updates. In order to do this, Internet communications are required.
smartscreen.exe appears to use the functions of Windows SFC (System File Checker) or Windows File Protection.
64-bit code has been detected. This program can exploit the full power of a modern computer cpu.
smartscreen.exe is digitally signed. Today most legit programs are digitally signed.
The digital signature attached to smartscreen.exe is valid. This is very good.
Digitally signed by: Microsoft Windows
Certificate's issuer name: Microsoft Windows Production PCA 2011
This program does NOT have an uninstall routine set up in registry.