Smart Contracts that can Store and Execute Interaction-Related Data Automatically
Business Overview
- The client wanted to build an integrated Web3 social media network by combining two of the world’s fastest-growing technologies, i.e. Blockchain technology and social media.
- The goal was to create a decentralized media network that makes users co-owners of the platform
- Each user is rewarded with tokens that will increase in value as the revenue generated by the platform increases.
Challenges
- To build smart contracts that can store and execute interaction-related data automatically.
- Whenever a user likes or shares a particular post on the network, native crypto=tokens rewards distribution has to be automated.
What did we develop?
We developed multiple smart contracts that provided a coordination and enforcement framework for agreements between network stakeholders without the need for third parties.
We brought all transactional data on the blockchain so that token earning by users is transparent.
Features of our developed Smart Contract
Tamper-proof
Self-enforcing
Self-verifying
Automatic
Manages user agreements
Stores user's information related to registration, membership, etc.
Tech Stack
Solana
Result- A process from vision to success
- A reliable, decentralized, and safe social networking site was created successfully.
- Users receive rewards with native crypto-tokens every time they do an activity on the platform.