By automating its own enforcement and relying on blockchain technology for security, smart contracts have several distinct advantages.

  • They automate one of the most arduous elements of any contract: enforcement. This generally means omitting the need to pay a middleman to do the work of enforcement. So, rather than threatening or even conducting legal actions against a signatory who fails in their contractual obligations, a smart contract will execute the contractually designated response automatically.
  • By relying on a program to conduct its provisions, a smart contract enforces itself far more quickly than a traditional contract. So, if one party takes any action which the contract should respond to, this response will come immediately. So, as with the above example, instead of waiting for lawyers or employees to execute the agreed contract provisions, the contract itself will do this, saving time and money.
  • Lastly, by relying on the blockchain for authentication, smart contracts provide unrivalled security. So you can be assured that the digital nature of a smart contract does not mean that it is open to illicit manipulation.

We offer full stack smart contract development, consulting, and auditing. So whether you’re curious about the potential of smart contracts and would like expert advice on their capabilities, would like to develop a smart contract, or simply need someone to ensure an existing smart contract has been created properly, we offer services for every need.

Messenger, Crypto wallet, and Web3 browser built with state of the art technology

SUCCESS STORIES Status.im

Messenger, Crypto wallet, and Web3 browser built with state of the art technology

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The Future of IP Protection

SUCCESS STORIES VAULTITUDE

The Future of IP Protection

We helped VAULTITUDE use blockchain technology to add security to the earliest stages of patent applications by proving who initially submitted them. The result is a fairer and more reliable system for protecting the world’s best innovations.

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Scalable smart contracts interfacing with real-world data.

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Rent securely. No commission.
No middleman.

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Rent securely. No commission.
No middleman.

From hotel sites like Booking.com to Airbnb, the hotel and apartment rental market is plagued by middlemen and the inefficiencies they bring. LockTrip is solving that problem by employing the Ethereum blockchain and issuing LOC tokens, which can be used to pay for rentals.

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Consultancy

Consultancy

Even if you’re looking to develop in-house, external consultation can be key to successfully building understanding between technical and non-technical teams. So whether you’re looking for guidance on a strategic direction for a blockchain project.