While harnessing the potential of smart contact, it is important to understand the key considerations that need to be taken care of. They are:

• Before approaching the smart contract development agency, it is vital to define the purpose of your problem. Identify the problem that has to be handled by the smart contract.

• Select a blockchain that can optimize your cost and transaction speed, thus enhancing the performance.

• Document the contract rules that will help you in future audits and also concentrate on security measures to eliminate breaches.

• Test the codes to guarantee efficiency and also carefully deploy them into your existing system for seamless integration