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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.

SUCCESS STORIES PROPY

Innovating the real estate business through blockchain.

Propy uses blockchain to cut through all of that to create a simple and straightforward process built on the reliability of blockchain. We’ve been deeply involved in creating Propy’s backend technology and user experience.

SUCCESS STORIES VAULTITUDE

VAULTITUDE

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.

SUCCESS STORIES IRIS.AI

Your R&D Science Assistant

Iris.ai is an international startup aiming to make science belong to everyone, change researchers’ incentives, and improve scientific content, making it more transparent, accountable and widespread in society. Their recent Project Aiur aims at making Science belong to everyone through blockchain technology by collaborating to build a “Knowledge Validation Engine”. 

SUCCESS STORIES LOCKTRIP

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.

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.