Enterprises, regardless of size or industry, are supported by written contracts. However, these are often burdensome and cause business and legal conflict. A solution can be replacing traditional with smart contracts. A smart contract is an agreement, in the form of a computer program that executes automatically when the pre-programmed conditions are satisfied. The goal of a smart contract is to simplify trade and business between both identified and anonymous parties. A smart contract hard-codes trust into the system and eliminates the need for counterparties to execute their part of the agreement. It can help streamline transactions, reduce duplication and alleviate the costs.

Owing to the automation, transparency and trust offered by smart contracts, they are rapidly gaining acceptance and adoption across multiple industries. It is anticipated that 25 percent of global companies will embrace smart contracts by 2022.

SMMILE is an experienced smart contract development company with comprehensive and reliable solutions for your enterprise. Backed by certified smart contract developers, we know what it takes to create an outstanding computer-based protocol to automate business agreements. From finance, insurance to real estate, logistics, and more – we create smart contracts tailored perfectly to diverse industries and business models.