Smart Contract Development

Smart Contract Development, also known as crypto-contracts, are digital, self-executing contracts that help verify a transaction’s credibility without the involvement of third parties. They are typically used to automatically execute the terms of an agreement so that all participants can be immediately sure of the outcome. In this sense, they specify the rules and behaviour for transferring digital assets. A Smart Contract Development is a computer code that runs on blockchain and enables secure value exchange. Smart contracts can remove the need for a mediator when two parties want to exchange valuable digital or physical assets. It is an application of blockchain relying on a decentralized, immutable public ledger. Smart contracts can be built on platforms like Ethereum Virtual Machine or Solidify. Smart contracts record contracts as computer code that contains the conditions of the contract. When all conditions are met, the contract is activated.