blockchain and smart contracts

Smart Contracts and Blockchain

Blockchain technology and Smart Contracts can efficiently improve numerous processes in your business and reduce the costs. The blockchain isn’t only the technology behind cryptocurrency, but it’s a very useful tool for other areas of business. This technology is the driving force behind a large range of global industries like finance, healthcare, government, real estate, logistics, and others.

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Smart contracts help you to exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services and fees of a middleman.

blockchain and smart contracts

Blockchain Pros

Think of a blockchain as a never-ending list of records called blocks that are linked and secured using cryptography.

Open Sourced

Network Verified

Beyond Borders

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Very Fast

Smart Contracts

Smart contracts help you exchange money, property, shares, or anything of value without the hassle and the middleman.

Smart contracts are similar to vending machines. You simply drop a bitcoin into the vending machine (i.e. ledger), and that required information gets deposited into your account. Similar to traditional contracts, the rules and regulations of smart contracts remain the same

blockchain and smart contracts

How Smart Contracts Could Change the Way You Do Business?

Automatic execution reduces contracting risks

Decentralized process of Blockchain technology makes Smart Contracts more secure and transparent.

Standardisation – reliably repeatable performance

Smart Contracts will standardize the forms of digital contracts internationally.

Fraud avoidance – contract stored “permanently”

There is no way to deceptively alter Smart Contracts once they are set up.

Less ambiguity – computer programs requires precision

Smart Contracts are validated by computers that don't make human error.

blockchain and smart contracts

“Smart contracts can be used all across the chain from financial services to healthcare to insurance..”

Jerry Cuomo

VP - Blockchain Technologies, IBM

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Reasons to choose FortySeven Software Professionals

Our development process is the natural evolution of a software process to support today’s changing business environment. We believe that every project should be dealt with a fresh approach. Our industry knowledge allows us to deliver solutions that solve business challenges in 40+ industries. Working closely with you, we define your needs and devise effective automation tool concepts, knowing how to implement these concepts and integrate them according to your specific needs.


More than 12 years of successful global IT outsourcing and our customer’s business augmentation.

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Deep Technology Expertise

Our specialists have a vast business and technology expertise and can develop complex solutions.

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We transfer full control over Intellectual Property Rights to you each month.


We manage projects using software for tracking progress and time. This gives you full control throughout the development process, making progress and billing fully predictable.

Cooperation Models

We have defined each framework with one sincere belief that an engagement model is what that defines a successful collaboration between you and us. Nevertheless of chosen model, you will have the total control, transparency and flexibility over delivery and the budget during the whole development process

Project Based

This approach doesn’t give the flexibility to you, but it can be used by government or other companies, corporations, individuals if the requirements are clearly defined and all the specifications of the project are known in advance. The involvement of the customer is limited. During the development process, the requirements can’t be changed, any changes will lead to additional fees and make the price of the project not fixed anymore.

Most suitable for small-size projects.

Based under the Waterfall approach.

Strict rules on the specification changes.

Used for projects when all software requirements specifications are clear and predefined.

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Outstaffing Time and Materials

This model is based on the rapidly evolving business and technology world. You are able to make changes on the go and pay for the time the development team spends actually working on your product. We will provide you with pre discussed amount of software engineers and IT specialists required for realization of your project of any size. Each iteration is planned together with you before its implementation, that gives you total control over the deliverables and the budget.

Well-adapted to various kinds of projects from small MVP to complex software engineering solutions.

Full participation and control over the whole development process.

Flexibility on your side, you are able to make changes on the go.

Based on Agile approach, Scrum, Kanban or other methodology can be used.

Choose if the time-to-market is important for you.

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Dedicated Development Team

This cooperation model allows companies, corporations or individuals to augment their software development capacities. You get the access to human resources like software engineering specialists, devops, QA engineers, technical writers, designers, project managers etc. who will work on your project using your software tools and selected methodology. Our IT specialists can work in synergy with your existing IT department.

Full Intellectual Property Rights every month.

Highly educated employees.

Multi language software engineering and management teams.

ISO 9001:2015 on Quality management systems.

ISO 27001:2013 on Information security management system.

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