Development of smart contracts
Smart contract subjects and objects
There are four mandatory aspects of every smart contract:
Parties of the transaction have digital signatures and accept or refuse the fact that a service or product complies with previously defined requirements
Subject of the contract – services or products that will be provided in exchange for money
Conditions under which the exchange of goods will be automatically made, for example, the compliance of the supplied product to the quality standards.
Decentralised platform in which the program code of the smart contract is implemented.
The Smart Contract Development Process
Let’s take a closer look at the development process for smart contracts:
Defining requirements and business logic: The development lifecycle precisely outlines the method and specifications for creating and improving software quality. The process of creating a smart contract begins with defining the business logic.
Creating the smart contract architecture: After defining the requirements and business logic, the next step is to design the architecture. This serves as the general guide for the development process.
Developing the smart contract: This involves writing code for the selected blockchain platform. Smart contracts are a vital tool for adding and storing data across the network, as well as allowing users to carry out specific transaction activities automatically.
Conducting an audit: The purpose of a smart contract audit is to carefully study the code to identify faults and vulnerabilities. Internal audits are conducted using a local blockchain, followed by the launch of a test network. The audit ensures that the contract is operationally effective and complies with all security requirements.
Integration on the blockchain: Once the contract has been approved on an existing ledger infrastructure, it is implemented.
For simple smart contracts, we create a personal account for administration, appropriate roles, deposit, and withdrawal functions.
We can also create complex smart contracts with all the necessary features.
Our smart contract services
Design of the architecture for your newly developed or existing software solutions using Bitcoin, Side Chains, NXT, Ethereum blockchain platforms and smart contracts.
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 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.