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Smart Contract

Smart Contract

Would you like to have a smart contract drawn up? Would you like to conclude contracts in real time and with a high level of security? Our IT experts program the smart contract and advise you comprehensively, quickly and with a lot of experience.

What is a smart contract?

With a smart contract, agreements in a blockchain are possible. With the help of a computer code that contains a series of rules, it is possible for parties to interact with one another and to agree on this smart contract. Since contracts are sensitive constructs even on the web and the code should therefore meet the highest security standards, it is important to test it properly before using it.

What is a smart contract?

What are the advantages of a smart contract?

Compared to classic manual contracts, the smart contract has several advantages: It can be concluded within a few minutes and is carried out automatically. This automation enables lower costs. With the digital signature, the contractor does not have to be on site and can carry out the contract virtually.

What use cases are there for smart contracts?

There are already various use cases for smart contracts in insurance, tourism or banking. For example, in the subscription area, an application is conceivable that enables your customers to take out a subscription quickly and easily with direct payment through a smart contract. The complicated and long purchase routes are replaced and a contract can be concluded in a few seconds.

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What are we going to do? The process in individual steps

1. Preparation

The creation of a smart contract begins with a workshop in which we learn to understand the processes and business model of our customers in great detail and also understand what you want to solve with the smart contract. Here, the requirements analysis is about both technical and functional requirements that are examined. Only then can a good product be created.

2. Transfer the business logic into code

In the implementation, we begin with the development of the backend in the first step and then also directly carry out penetration tests or a smart contract audit in order to identify and eliminate the first security deficiencies.

3. Development of the customer interface

In the third step, the front end is created with which your customers can interact and conclude the contract. This will also be finally tested.

4. Deployment on the blockchain

Finally the smart contract will go live and can be used by your customers.

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