Development of smart contracts

Automatic enforcement and fulfillment tracking of obligations

The interested parties specify the transaction terms and the sanctions for fulfillment failures and then apply their digital signatures. A smart contract independently determines if all the conditions are met and if all the requirements have been fulfilled, and makes a decision: to complete the transaction and issue the required assets (money, real estate, stocks), or to impose penalties on the participants, and close access to assets.

Usual contracts

Smart contracts

bullet icon Paper version of the document bullet icon Electronic document
bullet icon Based on the law bullet icon Stored on the blockchain
bullet icon Legal language bullet icon Computer language
bullet icon Intermediaries, the risk of fraud bullet icon Secure and without intermediaries
bullet icon Regular money bullet icon Crypto currencies

Application of smart contracts

  • Storage of medical data
  • Operations with securities
  • International and global settlements
  • Personal identification
  • Financial statements
  • Loan payments processing
  • Accounting and transfer of ownership
  • Drafting and transfer of bequests
  • Checking for compliance of the supplied goods with established standards
  • Transfer of other valuable digital assets

Smart contract objects  

The elements of smart contracts are:  

1

Parties of the transaction who have digital signatures and accept or refuse the fact that the service or product complies with the previously set requirements

2

Subject of the contract – services or product that will be provided in exchange for money

3

Conditions under which the exchange of goods will be automatically made, for example, the compliance of the supplied product to the quality standards.

4

Decentralized platform in which the program code of the smart contract itself is implemented.

Our smart contract services

Architecture
Design of the architecture for your newly developed or existing software solutions using Bitcoin, Side Chains, NXT, Ethereum blockchain platforms and smart contracts.
Development
Development of template-based and custom smart contracts of any complexity, for various projects in your area of ​​business, using the most popular programming languages ​​- Solidity, Vyper, Serpent, LLL, Mutan. Integration of smart contracts into existing solutions.
Audit
Audit of smart contracts using manual and automated tools to find errors and potential vulnerabilities in the security of smart contracts.

 

Check out our additional services and business cases. Send the form below to request the development of a smart contract. Get a free consultation.

Business cases of projects we completed

Information security incident response and investigation
Managed security and compliance (ISO 27001, etc.)
Security analysis of software source code
Security assessment: audits and penetration tests
Security Operations Center cases