Time to revolutionize your business with Smart Contract Development Services

Blockchain technology serves as the foundation for smart contracts and cryptocurrencies.

These are new age mediums for conducting secure, low cost, reliable, and tamperproof cross-border transactions.Market Research Future experts predict that smart-contracts market may notice a compound annual growth of 23 percent by 2023.Smart contracts control the transfer of digital assets or currencies between buyers and sellers.

The advantage of a smart contract is that it automates the verification of the terms of an agreement and execute transactions.Conventional business agreements require a lawyer and a broker to monitor and complete a transaction.

Lawyers and brokers are the middlemen who oversee agreements including payments, delivery scheduling, invoicing, and meeting terms and conditions.

They usually charge a significant amount to execute contracts.Would you like to explore the benefits of implementing smart contracts to improve your business processes?

We are an India based Blockchain smart contract development company that has a team of blockchain experts who develop solutions using Stellar, Ethereum, NEM and other blockchain technologies.

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We know how a cryptocurrency platform works in general, but the real reason for this high transparency and efficiency is because of the functioning of blockchain technology.

The concept of blockchain is very simple, it is basically a database that stores data in blocks, and these blocks are connected by a chain-like mechanism.

Now, that we have received some insight into blockchain technologies, let’s dive into the development companies that offer custom blockchain development services.I have conducted many surveys and research related to blockchain development companies.

There is a mountain full of good blockchain development companies that are offering custom blockchain services.

Among those good companies, in my opinion, Infinite Block Tech, Antier Solutions, and Blockchain App Factory are the few companies that are really good at offering custom blockchain development services. 

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Origin of the term – “Smart Contract”

In 1996, Nick Szabo first used the term, ‘smart contract’ in his paper, “Smart Contracts: Building Blocks for Digital Markets”.

Smart contracts naturally execute when foreordained terms and conditions get satisfied.

But also automatically enforce those obligations.

Since a smart contract is neither smart nor are they to be mistaken for a legitimate or legal contract.

They should not be mistaken for legal contracts acknowledged by courts or by law authorization.

Blockchain technology backs the cryptocurrencies.

Cryptocurrencies are digital money regulated by a distributed and decentralized ledger, the Blockchain.

They are widely adopted in many parts of the world and are used to trade assets.

The characteristics of blockchain are so dynamic that it is widely spread across many sectors.

So, when more currencies are mined, the value also increases at a faster rate.

They’re not controlled by any government or centralized system and no single entity can claim ownership on cryptocurrencies.