Development of turnkey smart contracts
CREATING SMART CONTRACTS
A smart contract is an agreement between at least two parties stored in a blockchain. Any of these contracts are endowed with a predefined set of conditions and rules, and if they are met, they automatically come into effect. The consensus of the blockchain network guarantees these contracts. No one can change them unless approved by the entire network, allowing smart contracts to remain the most powerful and secure tool available.
Create a revolution in your business with our smart contract development services! Our team has huge experience in different smart contract programming languages and technology stacks. SSL Team offers you development of smart contracts of any complexity for your area of business. What services we can offer you:
- writing a smart contract on Solidity - from 1000 rubles per hour.
- deployment of ready-made smart contracts - from 1000 rubles per hour.
- modification of ready-made contracts to suit your needs - from 1000 rubles per hour.
TYPES OF SMART CONTRACTS
Contracts fall into two categories.
Simple
This type includes contracts that have legal consequences for parties who do not fulfill their own part of the agreement. They are also called legal contracts.
Complicated
- Such contracts consist of decentralized autonomous organizations or DAOs and application logic contracts or ALCs.A DAO is a form of blockchain community. Such a community functions and is governed by rules through multiple smart contracts.
- ALC is the interface between contracts and the IoT, or in other words, the Internet of Things. ALC verifies and maintains communication between devices.
THE PROCESS OF DEVELOPING SMART CONTRACTS
This process, also known as the smart contract lifecycle, consists of several steps. This allows the business requirements to be correctly defined and protected through technology. A smart contract is developed as follows:
BUSINESS LOGIC AND REQUIREMENTS ARE DEFINED
In the beginning, the parties involved identify certain business terms of the contract and make the developer aware of them.
THE ARCHITECTURE IS BEING DESIGNED
Once the business logic is defined, developers create a contract architecture to reflect that logic, which is a plan in the making.
A SMART CONTRACT IS CREATED
In this step, smart contract code is written for the selected Ethereum blockchain site. This step involves testing the modules to determine if the smart contract works as required.
AN INTERNAL AUDIT IS CONDUCTED
An internal audit is performed first by means of a local blockchain and then by means of a test network. With the help of the audit, the fidelity of the system as a whole and from the security aspect is evaluated.
IS BEING DEPLOYED ON THE BLOCKCHAIN
The contract is placed on the trading platform on which it is to function.
CREATING SMART CONTRACTS FROM OUR COMPANY
Create smart contracts for the needs of your business projects with the help of our experts. Our staff can also develop smart contracts that are blockchain-independent, allowing you to create decentralized applications (dApps) to interact with any blockchain. Our developers have considerable experience in creating smart contracts for the company's customers. Their portfolio contains more than a hundred projects. Smart contracts that own millions of $ worth of crypto-assets.
BENEFITS OF SMART CONTRACTS
Just like a standard contract, a smart contract is an agreement on the rules by which the relationship between two or more parties is regulated. However, smart contracts have a number of additional benefits:
Smart contracts are inherently self-executing. Once the agreed conditions are met, the contract is automatically renewed.
In order to avoid transactional errors, the terms of smart contracts are defined with high precision.
The technology is based on transparency. This provides a guarantee that the terms of the contract are not hidden.
The level of cryptographic security of the contracts does not allow for forgery, the nature of these samart contracts is distributed.
Smart contracts eliminate useless intermediaries. This technology does not involve 3 persons.
The effectiveness of smart contracts is ensured by their immediate execution, which is not the case with standard business procedures.
The smart contracting environment is built in such a way that it remains reliable, completely free of possible errors.
Due to the positive features of smart contracts, they can be safely applied to the creation of financial services and business processes.
Because of automation, smart contracts don't need intermediaries and the costs that can happen when processing errors occur.