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Smart Contracts

Development Services

Smart contracts are Blockchain-encoded virtual contracts. A smart contract is made up of a series of self-executing tasks. It can automatically keep track of an agreement’s terms and enable every step toward its fulfilment. A smart contract that is hosted on the Blockchain cannot be altered or interfered with by any party, including the two agreement holders.

Smart Contracts

What Are Smart Contracts?

Smart contracts are Blockchain-encoded virtual contracts. It is made up of a series of self-executing tasks. It can automatically keep track of an agreement’s terms and enable every step toward its fulfilment. A smart contract that is hosted on the Blockchain cannot be altered or interfered with by any party, including the two agreement holders.

If changes must be made, the entire network must be modified. Our blockchain software development services assist clients in implementing customised decentralised solutions that eliminate paperwork, streamline data transactions without the involvement of an intermediary, reduce costs, and improve security.

Smart Contract
Smart Contracts Benefit

Who Can Benefit From Smart Contracts?

Smart contracts can be used in a variety of areas, i.e. from healthcare to supply chains to financial services. Here are some
examples:

Gaming

Smart contracts allow developers to regulate the gaming economy by setting specific predefined conditions to control transactions. This has the potential to control in-game market saturation and ensure that transactions are conducted fairly.

Government

Smart contracts provide a secure environment where voting systems are not tampered with. It’s impossible to decode voting done via smart contracts because it’s protected by a ledger and has the ability to increase voter turnover. It reduces the inefficiencies of voters to line up, show identity, and complete forms. Online voting using smart contracts can also increase the number of participants in the voting system.

Supply Chain

Traditionally, supply chains have been plagued by paper-based systems where forms are approved via multiple channels. The tedious process increases the risk of fraud and loss. The blockchain can eliminate this risk by providing an accessible and secure digital version to the parties involved in the chain. Smart contracts can be used for inventory management and payment and task automation.

Healthcare

Smart contracts for the healthcare industry will help users through the use of a private key stored within a patient's encrypted health record. For privacy reasons, only certain people will have access to the recording. Similarly, investigations using smart contracts can be conducted confidentially and securely. All hospital receipts from patients are stored on the blockchain and automatically passed to the insurance company as proof of service. In addition, ledgers can be used for a variety of activities, including: inventory management, drug monitoring, and compliance regulation.

Financial Services

Smart contracts can help transform traditional financial services in many ways. If an insurance claim occurs, a smart contract can perform error checking, redirects, and forwarding to the user if everything is deemed appropriate. The smart contract contains essential tools for accounting, eliminating the possibility of breaking into accounting records by automating the permission criteria. Shareholders can also participate in decision-making in a transparent manner. It is also useful for clearing transactions where funds are remitted after the transaction settlement amount has been calculated.

Smart Contracts Help

How Smart Contracts Can Help

Operational
Transparency

Eliminate the risk of errors by intermediaries with smart contracts, as smart contracts don’t require brokers or other intermediaries to confirm the contract.

Accuracy

Smart Contracts help eliminate the risks of errors that happen as a result of manual form filling.

Backup

All documents stored on the blockchain will be duplicated multiple times. Therefore, in the case of data loss, its possible to restore the files to their original form. 

Safety

Smart Contracts are encrypted, which protects documents from unauthorized access. 

Speed

Smart Contracts helps automate tasks with computer protocols within the Smart Contracts to save endless hours of business processes.

Smart Contract Development Services

Looking for Smart Contract Development Services?

Get in touch with us to discuss smart contract auditing & development services for digital transformation.

Blockchain Industries

BloxBytes Smart Contract

Development Services

Smart Contract Design
and Development

Our solution ensures the error-free creation, execution, and management of smart contracts on compatible blockchains with comprehensible and enforceable digital contracts.

Smart Contract
For DEX

Build a smart contract-based decentralized exchange using Ethereum, EOS and more. This allows exchanges operating in distributed ecosystems to protect the confidentiality of end-user data, private keys, digital assets, business logic, and data maintenance.

Smart Contracts For
Digital Wallets

We develop digital wallets with smart contracts so that companies can make reliable and fast transactions without relying on third parties. These multi-signature digital wallets work with smart contracts to enhance the secure storage and exchange of digital assets.

Smart Contract For Decentralized
Applications

Develop dApps with smart contracts that encode business logic and allow direct dialogue between two trading parties or trading parties. Our smart contracts seamlessly meet business goals and efficiently solve complex operational complexity.

Ethereum & Hyperledger Smart
Contract Development:

We are developing Ethereum-based ERC20 and ERC721 token contracts written in Solidity for use cases such as stablecoin and healthcare wallets. We also offer Hyperledger smart contract development for the financial sector, healthcare, retail, automotive and other industries.

Bloxbytes

Why work with
BloxBytes?

FAQs

Frequently Asked Questions

Smart contracts are Blockchain-encoded virtual contracts. It is made up of a series of self-executing tasks. It can automatically keep track of an agreement’s terms and enable every step toward its fulfilment.

Smart contracts do not require brokers or other intermediaries to confirm the contract. This eliminates the risk of operation by a third party. In addition, smart contracts have no intermediaries, which saves money.
A smart contract is a program stored in the blockchain and is executed when certain conditions are met. These are typically used to automate the execution of contracts, so all involved parties can see the results immediately, without the involvement of intermediaries or the loss of time. 
To make it available to users of the Ethereum network, smart contracts must be deployed. To deploy a smart contract, simply send an Ethereum transaction containing the compiled code for the smart contract, without specifying a recipient.
Hyperledger Fabric, NEM, Waves, NEO and Ethereum. Ethereum is one of the most popular blockchain platforms that can be used to create smart contracts. This is the open-source public blockchain used to create the original blockchain platform. This provides a reliable platform for a variety of decentralised applications, including ICO token.
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BloxBytes is a leading enterprise blockchain development company with 10+ years of experience in gaming, fintech and health care markets, headquartered in the United States with branch offices in 3+ countries.
Our blockchain consulting and development services ensure full-cycle technical support for your token offering, blockchain network creation for your business, or tokenisation of your assets, from conceptual architectural and tokenisation design, smart contracts, sidechain deployment and integration with the public blockchain to website deployment and infrastructure maintenance for your product.

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