At Very, we’ve developed a process to augment a company's ability to build new products with our talented and experienced engineering team. We work together with our clients to validate, design, and build ethereum smart contracts to create safe, accurate, and honest transactions.
We’ll use the engineering expertise we’ve built during 250+ platform launches to drive results. Whether you need a prototype or a production-ready platform, our engineering team’s deep experience in cryptocurrency, data science, and serverless computing can help you leverage the benefits of smart contracts.
Smart contracts help you exchange anything of value in a transparent way while avoiding the services of a middleman. It’s an automated way to facilitate, verify, or enforce the performance of a contract.
An easy example is looking at smart contracts as automated transactions on the blockchain. You and another person have specified a transaction that needs to be fulfilled by certain contractual obligations. A smart contract fulfills the transaction when all obligations are digitally made. Then the transaction data is stored on the blockchain. For example, suppose you buy a car from someone. You can do this through the blockchain by paying in cryptocurrency. You get a receipt which is held in a virtual contract; The owner of the car will automatically send over a digital key once the payment is successful. If the key doesn’t come on time, the blockchain the transaction is hosted on releases a refund. If the owner sends the key to the car before the purchase date, the function of the smart contract holds it releasing the key to you respectively when the date of the purchase order arrives. The smart contract system works on the If-Then premise and is witnessed by everyone within the blockchain network, so you can expect a faultless delivery of the car. The owner of the car expects to be paid. The smart contract between you and the owner of the car can’t be manipulated by any third party and you don’t need a third party to create the deal.
The smart contract is a development on the Ethereum blockchain. It is the main piece of technology that differentiates the Ethereum cryptocurrency from Bitcoin’s Blockchain. Since then, the theoretical opportunities of the smart contract have passed beyond the technological limitations of Ethereum. We can build custom blockchains, smart contracts, and cryptocurrencies for you.