Smart Contracts Development

The revolutionary technology of the future.

What are Smart Contracts?

Smart contracts are virtual contracts encoded in Blockchain. It consists of a set of tasks that has self-executing nature. It can automatically keep track of the terms of an agreement and enable every step towards its fulfilment. When hosted on the Blockchain, a smart contract cannot be altered or interfered by any party, including the two agreement holders. If changes have to be made the entire network has to be altered.

What are the Advantages of Smart Contracts?

The best part of Automate and secure every task with Smart Contracts is that you can execute any business idea without manipulation, delay and without the intervention of intermediaries.

  • Quick
  • Reliable
  • Automatic
  • Un-tampered
  • Immutable
  • Decentralized execution
  • Associated with Cryptocurrency
  • A self-auditing mechanism of digital value
  • A network of computing nodes
  • A shared public ledger
  • No failure
  • Can create multiple business models

Where are Smart Contract used?

Government

Insiders vouch that it is extremely hard for our voting system to be rigged, but nonetheless, smart contracts would allay all concerns by providing an infinitely more secure system.

Management

The blockchain not only provides a single ledger as a source of trust, but also shaves possible snarls in communication and workflow because of its accuracy, transparency, and automated system.

Automobile

Using smart contracts, an automobile insurance company could charge rates differently based on where, and under which, conditions customers are operating their vehicles.

Real Estate

You can get more money through smart contracts. Brokers, real estate agents, hard money lenders, and anyone associated with the property game can profit.

Healthcare

Personal health records could be encoded and stored on the blockchain with a private key which would grant access only to specific individuals. The ledger, too, could be used for general healthcare management, such as supervising drugs, regulation compliance, testing results, and managing healthcare supplies.

 Development Process

The product development process is articulated and broken down in many different ways, many of which often include the following phases/stages:

01

Defined Requirements Specification

Set of activities employed before the more formal and well-defined requirements specification is completed. 

Requirements speak to what the product should do or have, at varying degrees of specificity, in order to meet the perceived market or business need.

02

High-level and Detailed-level Design

Product design is the development of both the high-level and detailed-level design of the product: which turns in wireframing the requirements into a particular product (UI&UX).

Composing the 2 parts of the Apps or web, the engineering design process,  and the aesthetic aspects of design.

03

Product implementation with Agile

It refers to stages of detailed engineering development and design (Agile Development Process), as well as test process that may be used to validate that the prototype actually meets all design specifications that were established.

04

Testing to get the Product Ready

During product development, companies need to determine their product's readiness for release. This process takes place after you have spent time learning your market's problems, building a solution and testing the product, it's time to determine whether that product is ready for release.

Cloudgenietech is a global consulting company offering solutions, ready to analyze and work on your requirements and help you familiarize with the possibilities of Blockchain technology to meet your business specifications. Our skilful expertise in Blockchain development will introduce you to the technology