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ChainSoft: Collaborative Software Development using Smart Contracts

In recent years, more and more companies require dedicated software to increase the efficiency of their business. However, with rapidly changing technologies it is often inefficient to maintain a dedicated team of developers. On the other hand, outsourcing software development requires considerable effort and trust between involved parties to ensure the quality of the code and adequate payment. We present ChainSoft - a platform for outsourcing software development and automatic payments between parties that distrust each other, by means of blockchain technology. ChainSoft allows any developer to create software and submit software, includes automatic code verification and enforce users' proper behavior. We implement our system using Ethereum Smart Contracts and Github/Travis CI and present first evaluation proving its security and low usage cost.