Smart Contract Development Company - " Osiz Technologies"

1
A 2023 Guide to Smart Contract Development
Osiz.Tech
91 9442164852
www.osiztechnologies.com
Osiz_Tech
2
What Is Smart Contract ?

• A smart contract is a computer programme that
  executes the provisions of a contract
  automatically when certain predetermined criteria
  are satisfied. These contracts are self-executing
  and do not necessitate the presence of
  third-party middlemen such as banks or attorneys.
  From basic payments to complicated supply chain
  management agreements, smart contracts can be
  used to automate a wide range of activities.

3
Smart Contract Development Company

• Osiz is a well-known Smart Contract Development
  company that specialises in the creation of smart
  contracts for businesses and people. We have
  extensive knowledge of Blockchain technology and
  programming languages such as Solidity, Rust, and
  others. To address your individual business
  demands, we often develop smart contracts with
  superficial architecture and designs. Our
  enthusiastic team of scholars collaborates
  directly with our clients to understand the
  overall system structure and then successfully
  design, implement, and deploy smart contracts. We
  have an exclusive team of subject matter experts
  who are always learning and experimenting and can
  help your business.

4
Features Of Smart Contract Development

• Decentralisation Smart contracts run on
  blockchain networks, ensuring trust and removing
  the need for intermediaries.
• Transparency All contract terms and conditions
  are visible on the blockchain for all parties
  involved.
• Security Smart contracts are tamper-proof and
  secure, reducing the risk of fraud and
  unauthorised changes.

5

• Automation Self-executing code eliminates manual
  intervention, reducing human errors and speeding
  up processes.
• Cost-Efficiency By eliminating middlemen, smart
  contracts reduce transaction costs.
• Immutable Records Once deployed on the
  blockchain, smart contracts cannot be altered or
  deleted, ensuring a reliable audit trail.

6
Benefits Of Smart Contract Development

• Security Smart contracts are built on blockchain
  technology, making them highly secure and
  resistant to hacking and fraud.
• Transparency All contract terms and actions are
  recorded on the blockchain, providing complete
  visibility to all involved parties.
• Efficiency Self-executing code eliminates the
  need for intermediaries, streamlining processes
  and reducing delays.

7

• Cost Savings By removing intermediaries and
  automating processes, smart contracts reduce
  transaction costs.
• Accuracy Automated execution minimises human
  errors, ensuring precise and reliable results.
• Trustworthiness The decentralised nature of
  smart contracts reduces the need for trust, as
  the code enforces contract compliance.
• Speed Smart contracts execute automatically,
  enabling near-instantaneous settlement and faster
  business operations.

8
How Does Smart Contract Work?

• A smart contract is a type of computer programme
  that encapsulates business logic and runs on a
  dedicated virtual machine contained in a
  blockchain or other distributed ledger.
• Step 1 Business teams interact with developers
  to set their requirements for the desired
  behaviour of the smart contract in response to
  specific events or circumstances.

9

• Step 2 Simple events include payment permission,
  shipment receipt, and a utility metre reading
  threshold.
• Step 3 More advanced logic may be used to encode
  more complex activities, such as assessing the
  value of a derivative financial instrument or
  automatically releasing an insurance payout.
• Step 4 The developers then construct and test
  the logic using a smart contract writing tool.
  Following the completion of the application, it
  is sent to a different team for security testing.
• Step 5 Use an internal specialist or a company
  that specialises in smart contract security
  verification.

10

• Step 6 Once authorised, the contract is
  implemented on an existing blockchain or other
  distributed ledger infrastructure.
• Step 7 Once deployed, the smart contract is
  configured to listen for event updates from an
  "oracle," which is effectively a
  cryptographically secure streaming data source.
• Step 8 The smart contract executes after it has
  the required combination of events from one or
  more oracles.

11
Why Osiz Good for develop your Smart Contract

• Osiz is a reputable smart contract Development
  firm that provides a variety of services to
  assist businesses in leveraging blockchain
  technology. They have a proven track record of
  producing high-quality work and are open about
  their development process, making them a
  dependable alternative for firms wishing to
  create smart contracts.

12
To know more visitgtgt https//www.osiztechnologie
s.com/smart-contract-development
13
Get an Experts Consultation! Call/Whatsapp
919442164852 Telegram Osiz_Tech Skype Osiz.
tech
14
(No Transcript)