Smart contracts are contracts with automated execution capabilities encoded within a Blockchain. They can be defined as Blockchain based immutable protocols coded with predefined conditions which gets executed automatically when exposed to a trigger event. They are the mediums that can be used to carry out transactions for money, property, shares, investments and many more over transparent Blockchains.
Smart contracts development is the basic process on which distributed ledger technology stands on, the very nature of blockchain; transparent and an incorruptible digital ledger of economic transactions is only possible because of smart contracts.
We specialise in creating industry-specific smart contracts and have a specialised team invested in the same.
The major challenge that arises while creating a smart contract is to how to design a completely new form of architecture unlike the traditional client-server applications now have a third new element to accommodate, the Blockchain. We already have a basic smart contract architecture in place which could be customised according to your application.
Studio Fintech can design and develop reliable and secure smart contracts using Ethereum and Solidity for enterprises/startups tailored to their custom needs. Not just smart contracts, but we can develop decentralised apps for you as well.
Smart contracts require regular check and audit to make sure they are functioning properly. We can not just create but audit them for you as well. This service includes analysis of code (automated and manual), performance validation, a detailed audit report and many more.
According to the audit we can optimise and do all the changes in the code and thereby making sure good health of your smart contracts.
Automate policies, error checking, payout calculations for claim settlements, trading record management.
Improved data quality, ensure better investor data protection, repository maintenance.
Create an easy decentralised system for large hospitals, improved collaboration between healthcare providers.
Reduces piles of paperwork, manage rental, leasing, buying & selling documentation, can reduce fraud and corruption.
Tracking product movements, managing large databases across various geographies, managing entire supply chains.
Piles of documentation, reducing fraud and corruption, more transparent communication.
Transparent documentation, decentralised system of case filing and many more.
Peer-to-peer lending, fundraising ICOs, and security tokens etc.
Any information saved in smart contracts cannot be deleted or removed, you cannot undo the code or delete. You can only reverse the action of the code by writing a fresh code. This provides security and reliability for all the information saved and transactions performed.
There may be some initial costs involved in developing the initial ecosystem through smart contracts, but once it’s created, it provides a system which is automated and would involve least of human intervention.
With reduced human intervention, there are lesser chances of corruption or fraud with any information being stored through smart contracts as compared to the conventional system of storing information in servers, which is editable and mutable.
It is a system which shares information on a shared ledger, which makes the technology more trustworthy and reliable. Also, the information has a backup created in the system a repeated number of times which makes it even more reliable.
Building a trading software for cryptocurrency Hedge funds that offers institutional grade security and efficiency protocols.
Along with being a budgeting app, Fintify allows its users to calculate their net-worth and monitor investments across multiple geographies.
Studio Fintech is an expert in creating and developing blockchain and cryptocurrency applications. We have successfully developed and deployed 10+ blockchain projects, comprising of smart contracts built for HyperLedger Fabric, waves and many such popular Blockchains. We have a dedicated wing for researching and developing Blockchain and Cryptocurrency platforms.
With our experience in numerous industries and domains, we can consult you on and as to how smart contracts can be put to use for you and how can this new innovative technology be of any benefit for your enterprise or startup.
We have been in the industry for close to 12 years and have worked with enterprises like Deloitte, Porsche, Research Now, Disney and many more. We have delivered world-class applications to these enterprises that are being used by millions of users across the globe.
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