Nowadays the FinTech market is constantly changing under the influence of breakthrough digital technologies, such as Blockchain, IoT, etc. These technologies are fundamentally changing the way we do business with our suppliers, partners, and customers, as well as the way business contracts, are formulated, executed, and enforced. Self-executing, self-contained protocols governed by explicit terms and conditions, called smart contracts, could change the way agreements are negotiated in several industries. Document digitization has helped us gain many benefits, but not all security. While digital documents take less time to move around the world, they are easily counterfeited.
These technologies drastically change the way we do business with our vendors, partners, and customers, and also impact how business contracts are formulated, executed and enforced. Self-executing, self-enforcing protocols governed by explicit terms and conditions called Smart contracts have the potential to transform the way agreements are made across several industries. Documents digitalization has helped us gain numerous advantages, but not the whole of security. While digital documents take less time to travel around the globe, they are easily prone to forging.
That’s why a solution that provides automatic verification and execution of contracts under specified conditions in a secured environment is necessary.
Addressing the financial industry's emerging tendencies, Velmie provides its smart contracts development services. We help transform our client's ideas into live products by doing engineering, advisory, design and product management.
Smart contracts development services
Smart contracts are self-executing contracts that function autonomously, in a transparent, conflict-free and secured environment, without needing the service of intermediaries. Using smart contracts you can maximize the efficiency of the business and improve data security for business operations. They are already widely used in FinTrech especially when it comes to peering transactions and various asset exchange applications.
Smart Contract Development
Our experienced team delivers smart contracts carefully tailored to your business case. Regardless of the specifics of the business, we cover every aspect of digital contract development from use case analysis to deployment.
Smart Contract Testing
We provide detailed analysis and evaluation of a smart contract to assess the quality of its source code during the development cycle.
Smart Contract Blockchain Deployment
You merely send a transaction containing the compiled code of the smart contract without specifying any recipient for a smart contract deployment.
What are the benefits of our smart contracts for your business?
We introduce smart contracts as independent, autonomous agents that are immune to human error. Streamline your business processes and save resources by automating tasks with digital contracts.
The execution of smart contracts takes place immediately across participating computers, once the required criteria are satisfied.
Smart contracts provide operations automation that eliminates the need for third-party participation. This significantly reduces operational costs and saves the time it takes to complete the process.
Trust and Transparency
With smart contracts, we enable a high level of trust between businesses and their customers, as contracts are fully accessible and visible to every participant in the transaction.
Smart contracts help avoid human errors by automating record-keeping, storage, and retrieval.
Smart contracts currently imply the highest level of safety as they get executed through cryptographically secured code, which makes them nearly 100% invincible.
(Founder & CEO)
Velmie has been in a long-standing, productive partnership with the client, where they have consistently meet deadlines and delivered quality UI and backend integrations. They continue to be communicative and timely. The team has also made themselves available round the clock for any project issues.
(Founder & CEO of Coinbit.ai)
Partnering with Velmie and Exberry and using their cutting-edge SaaS technology has allowed us to offer trading for any digital asset via our exchange. With their matching and trading engine and white label platform, we have a cost-effective and enterprise-grade solution that allows us to be more competitive in the market.
(Product Manager, Rokes Commons Exchange)
Velmie provides high-quality services and facilitates an enjoyable, well-managed offshore partnership. Kind, professional, and flexible, the team takes ownership of their work. They communicate seamlessly and excel at managing expectations. Their commitment to the engagement is noteworthy.
Watch the video of a common webinar where the experts from the companies discussed the challenges of the crypto market and key issues of developing competitive and future-proof crypto exchange platforms for enterprises.
Why choose smart contract development with Velmie?
Experienced Team. Our team has proven experience in the development of blockchain-based solutions for different business cases. The wide variety of clients allows us to speak of a wide range of expertise.
Regulatory Compliance. As someone not new to the financial industry, Velmie knows how to work with existing specific regulations and best practices that companies must follow, which allows us to avoid mistakes in the product development process.
Transparency. Velmie strives to have a similar professional ethic and values with the client to honor their commitment to transparency and quality. This way, our customers and we can better understand each other's needs and collaborate in the most effective way.
Seamless Support. Our support helps clients to establish one-on-one communication. Ongoing software support and maintenance are also parts of our services
Significant Results. We provide our clients with high-quality solutions and demonstrate meaningful outcomes. We make sure you see value in your investments.
Technical Expertise. Velmie team possesses profound experience in both web and mobile domains and can perfectly understand the needs of clients.
How much does Smart Contract development cost?
The estimated cost for smart contract development depends on
The cost charged by a Blockchain platform depends on factors such as gas fees, contract creation, contract storage and contract execution.
The cost charged by a smart contract development company depends on the team size, project management cost, the tools and technologies used, and the cost of maintenance services.
Why does a blockchain network need a smart contract?
Blockchain-enabled smart contracts set the business terms between identified or unknown parties in the form of a written agreement without the need for an intermediary or a central authority compared to a traditional business model. Distributed ledger technology that works with smart contracts reduces the formalities and associated transaction costs. An example of smart contracts in blockchain applications includes financial activities such as borrowing, lending, investing, etc involving digital money and digital asset.
How can smart contracts work together?
Smart contracts are not meant to be used in isolation. Some smart contracts are built to assist other smart contracts. Smart contracts form the building blocks for decentralized applications and even entire companies, dubbed decentralized autonomous companies, which are controlled by smart contracts rather than human leaders.
How long does it take to build blockchain software?
Thanks to a white-label software platform and API integration libraries with the majority of service providers, it takes just 2-3 months to get an MVP out and running. Unrivaled time-to-market is one of the advantages coming with Velmie blockchain solutions.
How is your solution different from others?
We don't just create software. We provide true modularity. Using an ecosystem of trusted partners, we can offer a fairly wide range of services and configure products for different markets and audiences. We don't just provide you with the tools. We also offer end-to-end delivery through our in-house team.
How do you ensure data security?
We use software that is usually based on single-tenant systems, with no shared resources between different customers. Different customers' data is kept independently, which means that if one customer's data is breached, other customers' data will not be compromised. Velmie is an ISO 27001 certified company, and the software solutions we develop meet the requirements of PCI-DSS, PSD2, SOC2 Type 2, and other certifications.
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