Smart contract is a decentralized application that executes business logic in response to certain pre-defined conditions. On the execution of smart contracts, exchange of money, delivery of services, unlocking of content protected by digital rights management or other types of data manipulation such as changing the name on a land title can be happen. Smart contracts can also be used to enforce privacy protection like facilitating the selective release of privacy-protected data to meet a specific request.
There are a wide range of architectures to create programs that facilitates execution of smart contracts. They are distributed, managed and updated. They can be stored as part of a blockchain or other distributed ledger technology. Then, they can be integrated into various payment mechanisms and digital exchanges that can include crypto wallets like Binance or Metamask.
Despite the name, smart contracts are not legally binding contracts. Their main function is to programmatically execute business logic that performs various tasks, processes transactions that have been programmed within them and responds to the pre-defined conditions.
At Piccosoft, we have highly capable Blockchain developers with expertise in writing smart contract programs. If you are looking for an NFT Online Marketplace with Smart Contract implementation using Blockchain technology, do contact us today for a discussion.
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Of course, we can set up a technical team for your Start-up with a Designer, Developers, Architect and Testers.
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We can develop a Hybrid Mobile App for your web application using Ionic Framework.
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