Smart Contracts are self-executing wills that make use of Blockchain technology to enforce negotiation between two or more parties based on the contractual clauses. With Smart Contracts, you can exchange almost anything like money, property, shares and stocks without any chances of fraud. The use of Blockchain Technology and Escrow makes it as secure as it could ever be. Smart contracts are decentralized and immutable. Being decentralized, they are not controlled by any third party or a central system. Smart Contracts are executed automatically whenever they are exposed to a certain trigger event that can be any sort of data input.
In the current global scenario, it’s become hard to trust the third party especially when it’s new to the market. Sometimes collaborating with these small business units can get you a great deal of profit. But eventually, it all comes down to ‘trust’ and ‘reliability.’ How can you trust a company that didn’t even exist a few years back and is located million miles away from you? That’s what Smart Contracts are for!
A Smart Contract binds the two parties with contractual clauses and ensures a fair deal by means of Escrow. A Smart Contract automatically negotiates on the defined rules and principles pertaining to an agreement in the same way as a traditional contract does. In addition to that, it enforces those parameters so that there is no possibility of any kind of fraud.
How Oodles Technologies Serves You?
We, at Oodles Technologies are pioneers in building robust and secure decentralized Smart Contracts based on your business terms and conditions. We provide custom solutions for Smart Contract Development and let you conduct a fair deal with the other party involving minimal risks and complexities.
Why Oodles ?
Over three years of experience in Blockchain Development and Cryptocurrency Development.
A highly skilled team of Blockchain App Developers that are proficient in building Smart Contracts.
Availability of custom modules that can be customized as per the client’s requirements.
The contracts can be executed in less time with less complexities and minimal delay.