Technologies we use

Blockchain and Smart Contracts Blockchain and Smart Contracts

Smart contract technology - how does it work?

Building smart contracts is impossible without technical expertise in the area. You need an experienced smart contract developer to craft these tricky contracts, rather than a generic programmer. This is where we step in. Let our experienced smart contract developers build you a clever solution for your needs.

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How is using a smart contract better than using a regular contract?

The key benefits of smart contracts

Equality
Equality

treating both parties as equals, with both agreeing to terms

Transparency
Transparency

transparent transactions with all the information stored in blockchain

Flexibility
Flexibility

functionality of multi-signature accounts, whereby transaction executes only when all people involved agree

Efficiency
Efficiency

eliminating middlemen and facilitators, saving time and money

Independence
Independence

no need to rely on a broker or lawyer to confirm the lawfulness of a transaction

Certainty
Certainty

backup of the approved conditions stored in the blockchain, which eliminates the possibility of losing a contract or fraud from one of the parties

Safety
Safety

documents are encrypted and no one can hack them, although parties must ensure wallet safety for maximum protection in financial transactions

Speed
Speed

transaction is quick and self-executed

Smart contracts in the finance industry - how can they be applied?

Smart contracts in other industries - what can they improve?

Which companies are already using smart contracts?

Want to build your own smart contracts for use in your business - or to provide as a service to others? We can make it happen. Contact the smart contracts development services experts at iRonin for assistance in developing your very own innovative smart contract solutions.

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