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Types of Smart Contracts
Smart Legal Contract
A legally binding contract in which contractual obligations are defined in a computer program or executed automatically. The use of smart legal contracts will expand as various industries seek to transition to and take full advantage of the functionality and capabilities of the automation process. Our blockchain smart contract development company has been developing smart legal contracts for many years and is ready to help you. This allows parties to reliably automate traditional contracts, improving the way organizations work and making them more modern. When executed correctly, a smart contract is legally enforceable and requires the parties to fulfill their obligations. Failure to fulfill obligations will result in legal consequences that will be automatically initiated by the smart contract against the offending party.
Decentralized Autonomous Organizations
DAO is a specific form of organization, in which the coordination of activities between participants is carried out without centralized management, but using automatic algorithms. There are many DAO smart contract developers, but our company is well-known for its experienced team and professionalism, and we are ready to help you with the development. A DAO is not only a decentralized issue of money, but also a decentralized management system. Smart contracts technology has the potential to get rid of the need for banks, courts, and credit institutions.
Application Logic Contracts
These contain an application code that does not contradict other blockchain contracts and is synchronized with them. They facilitate communication between different devices. They are a key element of a multifunctional smart contract and mainly run commanded by a control program. You need to choose the right remote smart contract developer, with extensive experience in Application Logic Contracts development, our studio, with its experienced team and in-depth expertise is ready to help you. Allow devices to function securely and autonomously as well as provide greater automation, cheaper transactions and scalability. They are a key element of every multifunctional smart contract and mostly always operate commanded by a control program.
Advantages of Smart Contracts Development for Your Business
Decentralization and independence
Independence from any intermediary is something businesses strive for in today's environment. While blockchain enables decentralization, smart contracts eliminate manual intervention by automating redundant and complex processes, thereby eliminating manual errors. Improve your business with our blockchain smart contract development services.
Speed and efficiency
Smart contracts are automated. This automatically increases the productivity and efficiency of the system. The contract is immediately executed when the condition is met. Because smart contracts are digital and automated, there is no need to deal with paperwork. No time is wasted correcting mistakes that can occur when filling out documentation manually.
Data security
When you write a smart contract, each record in the distributed ledger is linked to the records before and after it, hackers would have to hack the entire chain to change a single record. That's why you don't have to worry about data security.
Trust and transparency
The development of smart contracts begins with both parties defining a set of rules and conditions that are triggered at some point. These are written into the code. No need to worry about information being tampered with for personal gain because no third party is involved. Participants exchange encrypted transaction logs. Once the agreed-upon conditions are met, the contract is executed automatically. This eliminates the need for litigation or enforcement of the contract. Once a smart contract is executed, no one can change it. Due to the immutability and transparency of the blockchain, once stored, the data cannot be changed by anyone throughout the life cycle of a smart contract.
Saving
Creating a smart contract eliminates the need for intermediaries to conduct transactions, as well as the time delays and associated fees.
Smart Contract Development Services
Digital Smart Contract Architecture
Creating architectures for your newly developed or existing software solutions using blockchain platforms and smart contracts Bitcoin, Side Chains, NXT, Ethereum. Our team selects and develops the right architecture to build a smart contract.
Smart Contract Design and Development
Our company uses all methods and capabilities to achieve the best result in the design and development of smart contracts. Smart contracts are the core and an integral part of decentralized platforms. Supply chains and logistics, finance, real estate, retail, and many other industries need to change their established mechanisms. The practical applications of smart contracts are steadily expanding because of their benefits: autonomy, security, speed, trust, efficiency, and accuracy. If your smart token contract is ERC-20 compliant, your token will be able to easily integrate tools and interact with other tokens.
Smart Contracts Optimization
To successfully develop a smart contract, it is necessary to optimize spending and save money. Unfortunately, many developers are not familiar with the operating environment of smart contracts, or don't pay attention to resource consumption during development. Very often, there are many opportunities to optimize smart contracts that developers don't take advantage of. Our company has extensive experience in smart contract optimization and is ready to help you.
Smart Contract for Decentralized Apps
Decentralized applications have transparent and open logic that ensures guaranteed execution of specified functions within distributed registry systems. Technologies for creating and executing decentralized applications and smart contracts enable the use of distributed registry systems and include in their structure tools and interfaces for developing smart contracts, providing functionality of decentralized applications and mechanisms for executing algorithms and scripts. With a little innovation and creativity, smart contracts can be built on top of each other to create fully decentralized applications and decentralized autonomous organizations. In these cases, each smart contract performs a function that triggers another function in another contract, which continues to evolve until a complex action is performed without the need for a centralized power to monitor it.
Smart contract for DEX
DEX exchanges use smart contracts that work P2P. There is no intermediary between the buyer and seller in the system. All transactions are recorded in a blockchain, which cannot be edited. Decentralized exchanges have no exchange operator and no need for registration, identity verification and fees. Instead, payments are processed by smart contracts. The platform does not access funds and does not hold its clients' assets, which means there is essentially a real exchange without an intermediary.
Smart Contract for Crypto Wallets
Cryptocurrency wallet based on smart contracts provides additional security and recovery features through: two-factor authentication, social recovery through family or friends, the ability to set white and blacklists, fraud alerts for suspicious activity, emergency blocking. If you lose your phone with a locked key application, you can restore access to the smart contract, for example, through family or friends. Trusted people are assigned when the app is installed, and when the app is restored, they receive a confirmation request. Once confirmed by the majority, a new private key is created. This type of wallet has stricter security measures than, say, a bank.
Smart Contract Development Process
The smart contract development lifecycle specifically defines the methodology and requirements for writing and improving the quality of the software. The first step to make a smart contract is to define the business logic. The parties involved define specific contract terms by describing requirements for the desired behavior of the smart contract in response to various events or circumstances. Simple events can be conditions such as authorizing a payment, sending an invoice, or reading a utility meter.
Then we move on to the design of the smart contract architecture. This serves as the blueprint for the development process. If the smart contract architecture is not implemented correctly, there will be long-term technical debt and inefficiencies that will only worsen over time. Our blockchain smart contract development agency has extensive experience in the development of smart contract architecture.
This step involves writing code for the selected blockchain platform. Smart contracts are not only a key mechanism for adding information and simply storing it throughout the network, smart contracts also allow participants to automatically perform certain transaction actions.
The purpose of a smart contract audit is to thoroughly analyze the code to identify flaws and vulnerabilities. Internal audits are conducted via a local blockchain, and then a test network is run. The audit verifies that the contract is functioning properly and meets all security standards.
Once the contract is approved, it is deployed in an existing blockchain or other distributed ledger infrastructure. Once a smart contract is deployed, it is configured to listen for event updates from a source of cryptographically secure streaming data. Deploying smart contracts on the blockchain results in the extraction of contract data into the next block, which will cost some gas fees.
We develop the administrator's personal account and its role, as well as a basic deposit function, a withdrawal function for depositing and withdrawing funds from the total balance, and a Balance function for checking the balance.
Development of a full-fledged smart contract with all the necessary functionality. Smart contracts enable secure and confidential transactions without the involvement of external intermediaries such as banks or government agencies.
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Industries for a Smart Contract

Automotive

Retail

Real Estate

Banking

Insurance

Healthcare

Telecom

Energy

Supply Chain Management
Smart Contract Development Technologies and Tools
Near
Polygon
Language for Smart Contracts
Solidity
The main blockchain smart contract language is Solidity. Unlike interpreted languages such as Python, Solidity is statically typed and compiled, which means that a binary must be generated before running it. We use the contract-oriented, high-level language Solidity to program smart contracts. Blockchain development in Solidity is great for transactional applications. This language allows our developers to write applications that implement self-reinforcing business logic embodied in smart contracts, allowing for credible transactions without third-party involvement.
Python
Python is probably the most versatile and most used programming language for application development in 2022. Its popularity is expected to continue to grow, both in 2022 and beyond. So, it should come as no surprise that Python is also one of the languages for developing smart contracts. Writing programs in Python requires much less code than with other popular programming languages. This noticeably speeds up the development of smart contracts. Smart contracts written in Python are easily extensible and scalable, thanks to the ability to adapt their high-level logic.
Why Choose an ARTJOKER Smart Contract Development Company?

Deep Expertise
We, at ARTJOKER, have extensive experience in Smart Contract Development. Our expertise in smart contracts remains unsurpassed. We've been providing smart contract development services since their inception. We have created a variety of smart contracts for our clients from different business niches, and the contracts we have created have never had a single problem.

DevOps
We guarantee you frequent and reliable feature releases for smart contract development. Our highly skilled blockchain developers use DevOps to improve collaboration, software quality, and time-to-market. We take note of continuous feedback to improve application deployment.

Top Talent
If you haven't yet managed to capitalize on the app hype, our full-stack blockchain team, which consists of top talents, can help you with that. All you need is a product idea. Our team executes turnkey projects and oversees their further successful implementation.

Proven Track Record
Hiring experienced development teams with a proven track record is one of the most important tasks, as applications often require several professional skills in the system to develop a blockchain project successfully.

Business Mindset
Our experts apply Business Intelligence to the development of basic solutions; they can combine experience, knowledge, perspective, and awareness to make informed decisions. Strategic foresight creates an enabling environment for blockchain application development.
Win the loyalty of customers and attention of competitors with a new platform, which will be designed specifically for your project by our development studio! Price and terms are negotiated after filling out the brief.

Hire Smart Contract Developers
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FAQ
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