The Smart Contract is a virtual contract between buyer and seller possessing the terms of an agreement. It is built by availing a blockchain platform for security and immutability purposes. This contract can be signed (between two parties) without the 3rd-party involvement. The terms and conditions of the contract are drawn as per the authority. Once the terms are met, the funds are promptly transferred to the concerned party. The data of a smart contract are stored in the ledger which helps in enhancing the security. Smart Contract stands out because of its privacy methods and is the smart choice in the era of change.
Initially, our analysts will analyze your end-goal, which totally depends on your business requirements. A blueprint of the design will be created and shared with you.
After the blueprint approval, our skilled and experienced team at Matellio will take the process to the development phase by writing an optimal and secure code.
Post Development, our team of QA experts will test your smart contract solution by using rigorous testing methods to ensure a 100 percent bug-free solution.
Once the solution is tested, then is the time to deploy the software on a public testnet like Kovan, Ethereum, Ropsten, etc before deploying it to the production.
Lastly, the solution is deployed to the live Blockchain which means no further changes can be made in the contract. We ensure complete auditing before taking this step.
Various industries like real estate, insurance, and banking need a middleman to communicate with their customers, a smart contract eliminates the need of the same.
Record flow, cash keeping, and other such tasks can be easily managed under one platform using smart Contract which in return maximize the efficiency of business processes.
Smart contract development involves a high level of data encryption ( similar to what modern cryptocurrencies use) which makes it the most secure item on the world wide web.
Owing to the transparency of Blockchain solutions, customers and companies can ensure that their agreements and transactions are verifiable which makes it quite trustworthy.
As the blockchain smart contract development is based on software codes, it involves a lack of manual intervention and fewer auxiliary steps, resulting in lower costs.
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