Discover all you can do with
Smart Contract Applications

Simple answer: Automate workflows and digital processes for users and agents across your organization.

The basic definitions

Let’s begin by simplifying a couple of key concepts around blockchain and Smart Contract Applications.

Smart Contract

A smart contract is a self-executing contract with the terms of the agreement between any given participants on a transaction. The contract and its terms are written into lines of code. Its lifecycle is transparent to all participants. Each smart contract can be iterated on a single golden source of truth and natively integrate with multiple participants and applications.

Golden Source of Truth

A golden source of truth is any given public or private database, storing transactional and contract data, which is trustworthy for all participants.

This can be a distributed ledger or a blockchain, or a traditional on-prem or cloud database.

Consensus

Non-repudiation is achieved by combining the self-executing nature of smart contracts and the trust provided by its underlying golden sources of truth.

In this sense, trust can be defined as the ability of a data source, and of its underlying infrastructure, to ensure data confidentiality, integrity, and availability throughout the smart contracts’ lifecycle.

What can you do with Smart Contract applications ?

Integrate multiple participants and applications under unified transaction contracts, rules, and protocols.​
Leverage non-repudiation to automate business processes, operations and tasks.​
Data notarisation & Reconciliation

Leverage on golden sources of truth and mission-critical distributed and shared databases, supporting universally reliable data and processes. Non-repudiation and near real-time data reconciliation and settlement for participants with different levels of trust.

Legal Smart Contracts​

Digital equivalents to paper-based written and signed contracts. Non-repudiable P2P transactions between institutions and people, governed by smart contract applications and golden sources of truth.

Credential Verification

Smart contract applications can allow up to 55% savings in operations and labour hours, and a reduction of at least 30% in compliance costs associated credential issuing and verification processes such as Know Your Customer (KYC).

Business Process Automation

By integrating workflows and non-repudiation mechanisms with your data models, smart contract applications can automate processes and augment data exchanges between different systems and participants.

Robust Data Pipelines

Building data pipelines that preserve data consistency, accessibility and also enforce privacy requirements is a hard task that data scientists have to execute. Using Smart Contracts to streamline data workflow between applications allows having these features built-in while reducing the effort to build these processes.

Distributed Integration

Integrate natively with multiple applications, devices, and participants involved in your business processes.

Get in Touch

We are eager to hear from you! leave us a message we’ll get back to you as soon as possible.

    Arrow-up