A Smart Contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract which allows the performance of credible transactions without third parties. These transactions are trackable and irreversible.
Advantages of Smart Contract
- Smart Contract is encrypted and stored safely on a shared ledger with minimum or no human intervention reduces the risk of fraud and processing cost.
- Smart Contract is guarded with complex cryptography that keeps the documents safe.
- Smart Contract is not focused on one central server but are are distributed by various network points.
- After a Smart Contract launches, the deal initiator does not have to participate any more in the process so you can automate your business process.
Smart Contract Development Process
According to the requirements of the business, we will develop a practical application and a perfect real-world use case for the usage of Smart Contract.
Our solution architects will develop an ideal smart contract with milestones and delivery roadmaps. The deliverable will consist of information movement and design architecture.
The smart contract developed by our developers will be subjected to a standard software release life cycle including Pre-Alpha, Alpha, Beta, and Release Candidate. After these steps, the smart contract is released to the market.
Implementation & Upgrades
Our Development and Operations team will ensure quality during the provisioning of the smart contract into the main network. We will upgrade the features with information gathering and prioritize backlogs.
Smart Contracts can be applied in a wide range of industries
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