Smart contract development services &
implementation best practices

Smart contract development services & implementation best practices

How a smart contract works

A smart contract operates by following the 'if-then' principle. If the predefined rules outlined in a smart contract code are met, then the agreement is automatically enforced. For example, a smart contract in insurance can be programmed to automatically transfer funds to an insured party if a triggering event occurs, such as a flight cancellation or a shipping delay. This eliminates the need for a third party to confirm that a specific event happened and makes the process more transparent.


Establish contract terms for all stakeholders

Embed conditions in the code


Off-chain event (flight cancellation) or on-chain event (fund transfer) triggers contract execution


Smart contract executes based on predefined conditions

All stakeholders involved receive a notification with details of the action taken


Digital assets (crypto, tokens) automatically settle in a blockchain-based wallet

Off-the-chain assets (fiat currencies) settle through a payment gateway

Our smart contracts services

We provide comprehensive smart contract development and security audit services to help your business maximize its efficiency and improve data security by deploying smart contracts and web3 decentralized applications (dApps) for your operations.

Our smart contracts services

Our experienced team delivers smart contracts carefully tailored to your business case. Whether it’s an asset exchange or a crowdsourcing campaign, we cover every aspect of blockchain development, from use case analysis to deployment.

Our smart contract audit company ensures your code works as intended. We perform platform-specific analysis to ensure optimized resource consumption and protection against cyber-attacks and data corruption.

Our expertise goes beyond smart contract development, which allows us to see the bigger picture and give expert advice on how to integrate smart contracts into existing ecosystems, improve the performance of smart contracts you already use, or migrate to another platform.

We help companies in various industries connect smart contracts with off-chain data sources like weather or financial market data. We ensure seamless integration, allowing your smart contracts to react to real-world events with no hiccups.

Cut costs and speed up workflows with smart contracts

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Smart contract use cases by industries



Blockchain-based smart contracts can help financial organizations automate financial services delivery and eliminate intermediaries. With smart contracts in place, lending, borrowing, and trading become transparent and significantly less prone to counterparty risk.

AML & KYC compliance

Financial institutions can use smart contracts to automate compliance checks, get rid of resource-intensive conventional verification methods, and securely share sensitive customer information within a trusted network of participants.

Asset tokenization

Smart contracts can be used to tokenize illiquid assets like real estate, artwork, and venture capital funds. This allows investors to purchase fractions of these assets on a digital exchange with lower fees.

Asset and investment management

Smart contracts can transform asset and investment management by making it more transparent than ever before. With the help of DAO, fund managers can quickly attract investments via IDO/ICO, while investors can provide capital under clear conditions that can be easily verified by the blockchain.


Parametric insurance

Smart contracts can automatically execute payouts to policyholders based on off-chain information like weather conditions and seismic activity. For example, if a farmer’s crop fails due to a flood, the smart contract can automatically trigger a payout when rainfall surpasses a specified threshold.


By tokenizing reinsurance policies as smart contracts and having a tamper-proof record of all claims on the blockchain, insurance companies can drastically decrease the amount of paperwork.

Claim processing automation

By using the abundance of data collected from IoT sensors, wearables, governmental databases, authoritative international organizations, and other reliable data providers, insurance companies can program smart contracts that automatically process life, car, flight, home, and health insurance claims.

Supply chain

Assets tracking

With the help of smart contracts, IoT sensors, and RFID tags, supply chain companies can securely share real-time information about their assets’ movements with each other. This ensures trust between all stakeholders, enhances transparency and reduces delays caused by manual recordkeeping.

Product safety

Supply chain organizations widely use IoT sensors to check if products in transit are kept at an agreed temperature, moisture level, etc. Smart contracts can be programmed to automatically issue payouts if certain parameters deviate from agreed thresholds.


P2P energy trading

Blockchain, smart contracts, and tokenization are the main enablers of peer-to-peer energy trading and grid decentralization. Smart contracts can automatically handle payment processing and offer energy to other participants when a surplus is generated. This network typically includes individuals and households, industrial businesses, and sometimes energy retailers.

Billing automation

Smart contracts can facilitate billing automation by integrating with IoT-enabled metering systems. Predefined embedded pricing algorithms can automatically calculate bills, which smart contracts can issue to consumers.


Drug supply chain tracking

Smart contracts can be used to track pharmaceuticals along the supply chain, authenticate drugs by verifying their origin, and ensure that the drugs were maintained properly during transfer. This drastically reduces the risk of counterfeit medicines and ensures that they are safe to use.

Patient data management

Smart contracts allow healthcare institutions to share confidential data while maintaining patient anonymity, significantly enhancing the security of sensitive information and simplifying regulatory compliance for clinical trials.

Blockchain platforms we work with

Our extensive experience and technical proficiency in blockchain allow us to identify the best-matching blockchain technology for your business objective. We thoroughly analyze every aspect of your solution’s vision to help you select one of the following platforms:

Ethereum blockchain is one of the oldest and most mature open-source smart contract development platforms that can handle the most sophisticated smart contracts on its ledger.

  • Uses Truffle, a purpose-built development and testing framework for smart contracts
  • Smart contracts on Ether are Turing complete, allowing them to handle any computational problem given enough resources
  • Supports Solidity language, which is specifically designed for writing smart contracts
  • Offers various standards for tokenization (ERC20, ERC721) via smart contracts

Polygon is a layer 2 scaling solution for Ethereum that we use to enhance performance and ensure the scalability of our blockchain-based applications. Polygon ecosystem supports a myriad of third-party tools and APIs.

  • Inherits Ethereum's security and smart contract functionality while solving its scalability issues
  • Allows for faster and cheaper smart contract execution compared to Ethereum
  • Allows for seamless integration with Ethereum-based smart contracts

Solana was designed for dApps that need to handle high volumes of transactions, making it an especially popular choice for DeFi and gaming.

  • To compile a smart contract, developers use programming languages like Rust, C, and JavaScript, which Solana supports, allowing for more control over system resources
  • Solana allows for parallel smart contract runtime, meaning multiple smart contracts can run simultaneously
  • Highly scalable and secure, making it ideal for DeFi and gaming applications
  • Provides purpose-built DAO governance protocol

Tron was created with high throughput and scalability in mind and has proven itself as a solid platform for running smart contracts for gaming, content sharing, and cryptocurrency transactions.

  • TRON Virtual Machine (TVM) is compatible with Ethereum Virtual Machine (EVM), allowing for easy migration of Ethereum smart contracts
  • Flexible and adaptable for many types of applications
  • Has its own token standards (TRC-10 and TRC-20) for creating new tokens

Cardano has positioned itself as a research-backed smart contract platform that is suitable for ID management, supply chain tracking, and legal applications on the blockchain network.

  • Uses Plutus, a purpose-built smart contract development language, and Haskell, a programming language proven to enhance the safety and reliability of smart contracts
  • Offers a higher degree of security for smart contracts through formal verification
  • The layered architecture of Cardano allows for smart contracts to be read separately from transactions, increasing efficiency
  • Suitable for ID management, supply chain tracking, and legal contract applications

Arbitrum is often used to create smart contracts and deploy Web3 apps on Ethereum. Its comparatively high throughput continuously attracts more developers.

  • Compatible with EVM
  • Uses Layer 2 protocol Nitro that provides 7x more throughput
  • Can process data on the Arbitrum and then put it back to Ethereum, allowing for more complex Dapps

Optimism Mainnet is another highly efficient Layer 2 Ethereum solution. Optimism is mainly used by companies focused on sustainability, who are seeking to reduce the environmental impacts of blockchain.

  • EVM-compatible and scalable
  • Provides low transaction costs
  • Provides easy integration with other blockchains

Stage-by-stage smart contract development

We follow methodologies precisely selected for each use case. However, you can expect a straightforward process made up of these stages:


Business analysis

At first, we assess the project requirements, study the business case, identify risks and limitations, and prepare the project roadmap.


Technical analysis

After thorough analysis, we conduct a technical overview of your project and select the blockchain platform to support your smart contracts.


Architectural design

We determine which modules should be implemented off-chain and on-chain, evaluate the need for oracle integration, decide between microservices and monolithic structure, outline call points, and build relevant APIs.



At this stage, we connect the dots to define your smart contract functionality, write the code, and deploy it to a public testnet.


Smart contract security audit

Further, we ensure bug-free performance and optimal resource consumption by smart contracts, as well as validate their immunity to cyber threats.



In the final stage, we deploy smart contracts to the live network. As your project grows, it will be possible to add new features, as our smart contract design is flexible and adaptive. This may include integrating new APIs or facilitating tokenization (NFT).

5 benefits of smart contracts

Increased automation
By their nature, smart contracts automate processes that conventionally imply active human involvement, allowing businesses in various industries to streamline their operations and cut costs.

Enhanced trust
Blockchain and smart contracts provide unprecedented trust between industry players and minimize the probability of disputes. Given that data is stored on tamper-proof distributed ledgers, all network participants have access to the same single source of truth.

Decreased costs
In most cases, smart contracts eliminate the need for a mediator in transactions, significantly reducing operational costs and cutting the time it takes to complete the process.

Improved security
Smart contracts use cryptographic protocols to ensure data integrity, immutability, and privacy. This makes them more reliable and secure than traditional contract management systems.

Increased speed of transactions
By eliminating a third party from transaction processing, smart contracts greatly decrease the time for settlement, enhancing the efficiency of the overall value chain and business processes.



How much does smart contract development cost?

The cost of a smart contract depends on the complexity of the embedded business logic and the platform it’s running on. Apart from these two main factors, the price of smart contract development can vary based on the number of security audits and maintenance updates it requires in a particular industry.

What is an example of a smart contract?

In logistics, for example, a smart contract integrated with an IoT system can automatically check the quality of products in transit by verifying that the product is kept at an agreed temperature range. If the temperature goes above or below certain thresholds, the smart contract can automatically issue money to the relevant stakeholders.

What is a smart contract vs blockchain?

Blockchain is a distributed ledger that records transactions, including those related to cryptocurrencies. Smart contracts are self-executing programs that are stored on a blockchain. Essentially, smart contracts leverage blockchain’s decentralized nature and inherent immutability.

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