Development of smart contracts

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Automatic enforcement and tracking of obligation fulfilment

The interested parties specify the transaction terms and the sanctions for fulfilment 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
	Paper version of the document		Electronic document
	Based on the law		Stored on the blockchain
	Legal language		Computer language
	Intermediaries, the risk of fraud		Secure and without intermediaries
	Regular money		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

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Related services

Smart contract objects

The elements of smart contracts are:

1

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

2

Subject of the contract – services or products 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 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.

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