Development of turnkey smart contracts
The advantages of paying for services remotely became obvious to people and they began to use such a service very actively.
Turnkey development
Creating smart contracts
A smart contract is an agreement between at least two parties that is stored on the blockchain. Any of these contracts is endowed with a predefined set of conditions and rules and if they are met, it automatically comes into effect. The consensus of its blockchain network guarantees these contracts. No one can change them unless it is approved by the entire network, which allows smart contracts to remain the most powerful and secure tool.
Revolutionize your business with our smart contract development services! Our team has vast experience in various smart contract programming languages ​​and technology stacks. Moonlit Solutions offers you the development of smart contracts of any complexity for your business area. What services can we offer you:

  • writing a smart contract for Solidity.
  • deployment of ready-made smart contracts.
  • modification of ready-made contracts to suit your needs.
Types of smart contracts
Contracts are divided into two categories.
SIMPLE
This type includes contracts that have legal consequences for those parties who do not fulfill their own part of the agreement. They are also called legal contracts.
COMPLEX
  • Such contracts consist of decentralized autonomous organizations or DAOs and application logic contracts or ALCs. A DAO is a form of blockchain community. Such a community functions and is governed by rules through several smart contracts.
  • ALC is an interface that interacts between contracts and IoT or in other words Internet of Things. ALC verifies and maintains communication between devices.
SMART CONTRACT DEVELOPMENT PROCESS

This process, also known as the life cycle of a smart contract, consists of several stages. This allows you to correctly identify business requirements and protect them through technology. The smart contract is developed as follows:

  • BUSINESS LOGIC AND REQUIREMENTS DETERMINED

    At the beginning, the participating parties identify certain business terms of the contract and inform the developer about them.
    01

  • ARCHITECTURE UNDER DEVELOPMENT

    Once the business logic is defined, developers create a contract architecture to reflect that logic, which represents a blueprint in the making.
    02

  • A SMART CONTRACT IS CREATED

    At this stage, the smart contract code is written for the selected Ethereum blockchain platform. At this step, modules are tested to determine the performance of the smart contract as required.
    03

  • INTERNAL INSPECTION IS CONDUCTING

    The internal audit is carried out first through the local blockchain and after the test network. With the help of verification, the correct operation of the system as a whole and from the security aspect is assessed.
    04

  • UNDER DEPLOYMENT ON BLOCKCHAIN

    The contract is placed on the trading platform on which it will function.
    05
Advantages of smart contracts
Just like a familiar standard contract, a smart contract is an agreement on the rules by which the relations of two or more parties are regulated. At the same time, smart contracts have a number of additional positive aspects:
  • 1

    RESULT GUARANTEE

    Smart contracts are self-executing. Once the agreed conditions are met, the contract is automatically renewed.
  • 2
    ACCURACY
    In order to avoid errors that occur during transactions, the terms of smart contracts are determined with high precision.
  • 3
    TRANSPARENCY
    Technology is based on transparency. This ensures that the terms of the contract are not hidden.
  • 4
    SAFETY
    The level of cryptographic security of the contracts does not allow them to be forged; the nature of these samart contracts is distributed.
  • 5
    INDEPENDENCE
    Smart contracts eliminate useless intermediaries. This technology does not provide for the participation of 3 persons.
  • 6
    SPEED
    The effectiveness of smart contracts is ensured by their immediate execution, which cannot be said about standard business procedures.
  • 7
    TRUST
    The smart contract environment has a structure that allows it to remain reliable, completely eliminating possible errors.
  • 8
    INNOVATION
    Thanks to the positive features of smart contracts, they can easily be used to create financial services and business processes.
  • 9
    SAVING
    Due to automation, smart contracts do not require intermediaries and the costs that can occur when processing errors occur.
CREATION OF SMART CONTRACTS FROM OUR COMPANY

Create smart contracts for the needs of your business projects with the help of our specialists. Also, our company’s employees can develop smart contracts that will not depend on the blockchain, which will allow the creation of decentralized applications (dApps) to interact with any blockchain. Our developers have significant experience in creating smart contracts for the company's customers.