A Smart Contract is a computer protocol which enforces negotiation between two or more parties based on the given contractual clauses. It’s also called a self-executing will which executes itself when exposed to a certain trigger event. The trigger event can be any kind of data input. The transactions made through smart contracts are traceable and irreversible. Smart Contracts are decentralized and make use of the Blockchain Technology. They can be used for the exchange of money, property, assets, shares, stocks, bonds and commodities. And thus, there has been an upsurge in the use of smart contract development services.
Smart contracts can be used as a joint account so that the money can move when all the parties in the network agree unanimously.
Reduced risks & costs:
Automation of tasks using code based smart contracts
More Accuracy & Immutable System:
Smart Contracts are less prone to human errors and help expedite business processes.
Reliable Autonomous Agents:
Using blockchain-based autonomous systems, automate your business processes and respond quickly on time.
Possibilities for New Models:
Smart contracts can work effectively in any data-driven business models. They can be used to track time, temperature, weight, payments and other quantitative variables and respond with pre-decided conditions.
Oodles Technologies is best known for its outsourcing IT solutions. However, after realizing the potential of the blockchain technology, we decided to leverage this transforming technology. Now, it’s been more than three years in the blockchain development landscape that we are relentlessly working on to offer top blockchain solutions. The past experience has helped our blockchain developers to gather the requisite expertise for providing world-class smart contracts development services. We also have our expertise in Cryptocurrency Development, Wallet Development, and Trade/Exchange Development Services.