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A Quick Guide to Blockchain Smart Contracts

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‘Smart Contract’ is a code that runs on top of a Blockchain network including a set of rules where all partie scan interact with each other through a smart contract. – PowerPoint PPT presentation

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Title: A Quick Guide to Blockchain Smart Contracts


1
A Quick Guide to Blockchain
Smart Contracts
2
What is a Smart Contract?
S m a r t C o n t r a c t i s a c o d e t h a
t r u n s o n t o p o f a B l o c k c h a i n n e
t w o r k i n c l u d i n g a s e t o f r u l e
s w h e r e a l l p a r t i e s c a n i n t e r a
c t w i t h e a c h o t h e r t h r o u g h a s
m a r t c o n t r a c t .
3
"The Global Smart Contracts Market is expected
to reach
  • approximately 300 Million USD by the end of 2023
    with 32 CAGR
  • during the forecasted period from 2017-2023."

- Market Research Future
4
How it works?
Source g2crowd
5
(No Transcript)
6
Scope Of Use
Digital Identity and Financial Data Recording
Trade Finance, Derivatives and Securities
Mortgages and Land Title Recording Intellectual
Property Protection Auto Insurance Clinical
Trials Supply Chain More...
7
Benefits of Smart Contracts
Transparency The smart contracts are created
and kept
on a blockchain that's why the transaction
records are available and (theoretically)
unchallengeable to maintain transparency between
all parties.
01
Self-su?ciency Instead of third parties holding
stores of value in escrow, smart contracts only
involve the two signing parties to drive the
transaction self- suficient.
02
8
Benefits of Smart Contracts
E?ciency As smart contracts automatically
complete
terms written into the code, they are considered
highly eficient. The automatic execution of
terms speeds up the process to save time and
resources.
03
Clear Communication The necessity for accuracy
in describing the contract results in everything
being definite. Smart contracts can considerably
cut down on eficiency that creates gaps in
communication.
04
9
Benefits of Smart Contracts
Lower Cost By cutting out third parties during
the
transactions, businesses can lower transaction
costs. In many cases it has the potential to
reduce the need for litigation and courts.
05
Storage Backup Smart contracts record
essential details in each transaction.
Therefore, anytime business details are used in
a contract, they are eternally stored for future
records.
06
10
WHY PARTNER WITH CYGNET?
Ensuring Success Customer Satisfaction Committed
To Partner-Centric Business Model Building
Sustainable Relationships Expertise Quality
Focused Cmmi3 ISO Certified Organization. 16
Years Of Immaculate Service Delivery Functional
Competence And Expertise IPR Protection Intellec
tual Property Rights Protection For The
Software/Applications We Develop/Support Data
Security
Big Small Company Big In Terms Of Wide Coverage
Of Technology, Maturity Of Processes,
Complexity Of Projects. Small In Terms Of Less
Hierarchy, Unmatched Attention, Lot Of
Agility Best Of Both Worlds Onsite/off-Site/offsh
ore/hybrid Flexibility Local Contracts Flexible
Engagement Models Cost Advantage Value For
Money For Our Customers Arising Out Of Our Local
Account Management, Global Delivery Model And
Optimized Operations
11
USA Office Cygnet Infotech LLC.125 Village
Boulevard, Suite 315, Princeton, NJ
08540 1-609-245-0971 Dubai Office Cygnet
Fintech Software, Unit 807, Ubora Tower 2,
Business Bay, Dubai, UAE, PO Box No.
418360 971 52 830 5127 India Office Cygnet
Infotech Pvt. Ltd. 16-Swastik Society, Nr. AMCO
Bank, Stadium Circle, Navrangpura, Ahmedabad
380009 91-79-67124000
USA UK GERMANY DUBAI SOUTH AFRICA
AUSTRALIA INDIA inquiry_at_cygnetinfotech.com www.
cygnet-infotech.com
UK Office Cygnet Infotech Pvt. Ltd. Devonshire
House, 60 Goswell Road, London, United Kingdom,
EC1M 7AD 44-20-8099-1653
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