Bull Infotech offers Smart Contract Development for both Public and Private Blockchains
Switch over to a Smart Business Flow with Smart Contracts
What are Smart Contracts?
As the name implies, a smart contract is a contract that’s smart. Simply put, it’s a piece of computer code that deploys on its own, without the involvement of any third-parties, when a particular trigger is implemented. The beauty of smart contracts is that they run on top of blockchain networks.
Here, at Bull Infotech, our team of expert blockchain developers builds smart contracts for your business, tailored to your specific requirements.
Smart contract development can be carried out on various platforms like Ethereum, Hyperledger Fabric, NEO and more.
Streamline Business Operations with a Smart Contract
Why Smart Contracts?
Smart contracts are triggered automatically, during a particular event.
More than one copy of the smart contract is stored at different nodes. Meaning, there’s no chance for it to be destroyed or lost.
Once deployed, smart contracts are independent, and are completely autonomous. They aren’t controlled by any user.
Smart contracts are tamper-proof. They are transparent and visible to all, thereby ensuring that it has the trust of all the parties involved.
Smart contracts aren’t just fast and efficient but are also error-free. They don’t have any chances for manual errors.
Since there is no need for any third-party to be present, smart contracts present significant cost savings.
Where to Use Smart Contracts?
The future is a World of Smart Contracts. In a world driven by technology, and powered by innovation, smart contracts have a wide range of applications across industries. Here are some of the popular industries where smart contracts will grow in popularity:
Supply chain management
Transportation / Shipping
Insurance and Banking
Real Estate & Infrastructure
Automotive and more
Snapshot of Our Smart Contract Development Process
- Understanding the drawbacks of existing applications
- Identify the need for smart contracts
- Roadmap of the project
- Smart contracts definition
- Technical architecture and framework creation
- Data flow diagram and blueprints
- Development includes Alpha and Beta testing
- Upgrades (if needed)
Wondering if Smart Contracts are the Right Fit for your Business?