Smart contracts are automatically executed software that ensures the entry into force of the transaction if all parts of this transaction comply with the necessary conditions. Projects that imply developing smart contracts exclude the participation of intermediaries, thereby providing unprecedented transparency and eliminating additional unnecessary costs.
Our smart contract developers provide consulting, audit, optimization, as well as design and development services for companies that decided to integrate smart contract solutions into their business processes.
Despite the widest scope of industries in which smart contracts can be used, currently, they are most often found in the financial, healthcare, logistics, real estate, insurance, and legal sectors. Also, custom smart contracts are often used as an integral part of startups related to web3.
The smart contract development cost is calculated on an individual basis, as its pricing policy is influenced by many factors, such as the complexity of the business logic, the technology stack used, the need to comply with regulatory and legal requirements, the urgency of the project’s release, the number of integrations, etc. To find out the budget for your project, please contact our skilled smart contract developers.
The duration of the smart contract development process directly depends on the complexity of a smart contract solution, as well as your individual requirements, which may include the need to comply with certain regulatory requirements, technology stack, additional integrations, etc. If you want to know how long your project will take, feel free to contact us.
Because a smart contract is stored on a blockchain, the blockchain updates when it has been executed. Thus, the transaction approved by smart contracts cannot be changed.
Smart contracts cannot exist without blockchain: when all the parties have fulfilled the conditions, this must be confirmed by trusted participants in the blockchain.