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UK Based Smart Contract Development Company.

Are you looking to move your business onto the blockchain and integrate smart contract technology to improve efficiency and transparency?

Cude Design has been working with global, forward-thinking companies providing blockchain technology consultancy & smart contract development, ensuring you are prepared for Web3.0.

Contact us today to discuss with the benefits of smart contracts and how they can improve your business.

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The Smart Contract Development Process

Your Expert Smart Contract Developers

Scoping of Business Logic

Scoping Your Project

Our expert team boast 12 years of complex development experience. In this time, we have gained invaluable experience and learned how to accurately scope smart contract requirements and blockchain platform development.

By creating an in-depth scope of your project, our smart contract development team can accurately plan and create a road map of the development process, providing a detailed proposal so you can easily understand how the smart contract will work and what you can expect from us.

Smart Contract Development

Smart Contract Development

Blockchain smart contracts are an exciting development of Web3.0. Unlike a traditional contract, smart contracts are executed immediately when a set of conditions are met.

A smart contract can be integrated with your business for the automation of sales, the integration of NFTs or to promote transparency. As smart contracts utilise blockchain technology, when a condition is triggered automatically executed, this is stored on a distributed ledger.

Blockchain & Smart Contract Audit

Smart Contract Audit

While some smart contracts can be relatively straightforward, such as the sale of NFTs, others can be more complex. A smart contract audit is a process of reviewing a smart contract for security vulnerabilities.

Having built your smart contract, we work with a third party to review the development to ensure it has been built using best practice. The security of your smart contract is extremely important when launching on a blockchain network.

Wesley Cude - Cude Design

Let's discuss your smart contract project here

Owner of Cude Design – Wesley Cude

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How do smart contracts work?

Smart contracts are digital agreements that are stored on the blockchain. Because the blockchain is a transparent and immutable ledger, smart contracts are able to be executed and enforced in a trustless way. In other words, parties to a smart contract can be confident that the contract will be executed as written, without the need for a third-party intermediary.

How do smart contracts work? Essentially, they are self-executing transactions that are triggered by certain conditions. One example, let’s say you want to buy a car from someone. You could create a smart contract that includes the price of the car, the condition of the car, and the delivery date.

Once all parties agree to the terms of the contract, they can sign it and submit it to the blockchain. Once the transaction is recorded on the blockchain, it cannot be altered or deleted. This ensures that both parties will uphold their end of the deal.

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Smart Contracts F.A.Q

What are the benefits of smart contracts?

Smart contracts have the potential to revolutionize the way we do business by eliminating many of the problems associated with traditional contracts. Here are three of the most significant benefits of smart contracts:

1. Smart contracts can help to reduce costs by streamlining the contract process and eliminating the need for intermediaries.

2. Smart contracts can help to reduce risk by providing a clear and unambiguous record of all contractual terms.

3. Smart contracts can help to increase transparency and accountability by making it easy to track and verify compliance with all contractual terms.

While traditional contracts will likely always play a role in our economy, smart contracts have the potential to provide significant advantages in terms of cost, risk, and transparency. As businesses and individuals increasingly embrace this new technology, we are likely to see a dramatic transformation in the way we do business.

What are the negatives of using a smart contract?

1. Lack of Flexibility: Unlike other contracts, once a smart contract is deployed, it is very difficult to change. This can be a problem if there is a mistake in the contract code or if the needs of the parties involved change over time due to real world events.

2. High Costs: Smart contracts can be expensive to create and deploy. This is because they require the services of a skilled programmer and often use specialized blockchain platforms that charge high transaction fees.

3. They rely on a large number of assumptions about the underlying blockchain platform, which may not always be valid. If the assumptions are not met, then the contract may not function as intended or may even fail completely.

What blockchains do you work with?

We predominantly work with the Ethereum blockchain, however, to utilise low cost gas fees, we also work with Polygon and Solana.

What is the cost of a smart contract developer?

While website projects vary widely in cost, this is even more so for smart contract development. The cost depends on the smart contract development skills of the agency you choose to work with, the requirements of the smart contract required and the blockchain you choose to have the smart contract built on.

Do you provide blockchain and smart contract consultancy?

When creating smart contracts, it is hugely important to have a team on board who can advise you of the pitfalls and best practises of smart contract development. Our expert team can help you scope your project, or provide ongoing consultancy to advise you on the best way forward when choosing a smart contract developer.

Do you offer smart contract security?

We work with a reputable third-party, such as OpenZeppelin to advise on smart contract security and provide an audit when required.

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