Smart contract development

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WELCOME TOSMARTCONTRACTDEVELOPMENT

• NADCAB TECHNOLOGY

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INDEX

• What is smart contract in the blockchain?
• Why are smart contracts important?
• What is smart contract development?
• What is the Smart contract structure used for?
• How do smart contracts work in Blockchain?
• How much does it cost to smart contracts?

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What is smart contract in the blockchain?
A smart contract is a self-executing contract
with the terms of the agreement between buyer and
seller being directly written into lines of code.
The code and the agreements contained therein
exist across a distributed, decentralized
blockchain network.  Many industry leaders have
felt that same pain and have been exploring how
the use of smart contracts on blockchain can be
used to alleviate it. Whether youve just learned
about the concept or youre looking for an
in-depth explanation, this guide is a great place
to start.
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Why are smart contracts important?

• Autonomy Youre the one making the agreement
  theres no need to rely on a broker, lawyer or
  other intermediaries to confirm. Incidentally,
  this also knocks out the danger of manipulation
  by a third party, since execution is managed
  automatically by the network, rather than by one
  or more, possibly biased, individuals who may
  err.
• Trust Your documents are encrypted on a shared
  ledger. Theres no way that someone can say they
  lost it.
• Backup Imagine if your bank lost your savings
  account. On the blockchain, each and every one of
  your friends has your back. Your documents are
  duplicated many times over.
• Safety Cryptography, the encryption of
  websites, keeps your documents safe. There is no
  hacking. In fact, it would take an abnormally
  smart hacker to crack the code and infiltrate.

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• Speed Youd ordinarily have to spend chunks of
  time and paperwork to manually process documents.
  Smart contracts use software code to automate
  tasks, thereby shaving hours off a range of
  business processes.
• Savings Smart contracts save you money since
  they knock out the presence of an intermediary.
  You would, for instance, have to pay a notary to
  witness your transaction.
• Accuracy Automated contracts are not only
  faster and cheaper but also avoid the errors that
  come from manually filling out heaps of forms.

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What is smart contract development?

• Smart Contracts are now essential to any
  blockchain-based business. The self-executing
  digital contract is the key to automate
  processes, transactions and agreements, helping
  to reduce costs, hence security and end for good
  the very confusing and not reliable paperwork .
  Smart contracts are automated digital contracts
  that enable highly-secure and self-executing
  agreements to be formulated. They solve many
  issues faced in traditional contracts such as
  lengthy paperwork, the need for third-party
  intervention, and huge costs.
• Blockchain App Factory is the Smart Contract
  Development Company with the best solutions for
  your enterprise. Up to date with every new
  technology and innovation in the blockchain
  world, our team of experts is focused on building
  an outstanding computer-based protocol.
• Customizable for any type of industry, the
  digital contract doesnt need a middleman to
  ensure that all the parties involved are
  performing their part. Once all the rules and
  conditions are settled, its base algorithm
  executes all the conditions and can even revoke
  itself in case something goes wrong.

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What is the Smart contract structure used for?

• A smart contract is a contract between two people
  in the kind of computer code. They work on the
  blockchain, so they are put on a public database
  and cannot be substituted. The transactions that
  result in a smart contract treated by the
  blockchain which implies they can be sent
  immediately without a third party.

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• You can practice smart contracts for many
  situations that vary from financial derivatives
  to insurance premiums, property law, breach
  contracts, credit enforcement, legal processes,
  financial services, and crowdfunding agreements.

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How do smart contracts work in
Blockchain?

• A smart contract is an agreement between two
  people in the form of computer code. They run on
  the blockchain, so they are stored on a public
  database and cannot be changed. The transactions
  that happen in a smart contract are processed by
  the blockchain, which means they can be sent
  automatically without a third party.

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How much does it cost to smart contracts?

• A simple smart contract with no complex business
  logic costs around 7,000. More advanced
  contracts cost up to 45,000 and more. It's not
  uncommon large organizations with specialized
  knowledge ask up to 100,000. In addition, don't
  forget about the costs for deploying your
  contract on the main net.

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