> For the complete documentation index, see [llms.txt](https://blockchain-biopharma.gitbook.io/blockchain-biopharma-product-thesis/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://blockchain-biopharma.gitbook.io/blockchain-biopharma-product-thesis/what-is-blockchain-biopharma/smart-contract-types.md).

# Smart Contract Types

![Smart Contracts will be Security-Tested, and Pre and Post Commit Audited. The average cost to write an Ethereum Contract to our System is $10,000 (+ Ethereum Gas-Fees). ](/files/wFKTsjX9BTX73ZGUSmun)

Smart contracts are simply **programs stored on a blockchain that run when predetermined conditions are met**. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary's involvement or time loss.

* **Data Transparency Smart Contracts:** It is important for the mission of the company that its operations be transparent, and that private data remain protected (considerations may include HIPAA and PII Laws for private chain data). A cost to be aware of, and why we need time, is the actual Total Cost and Timeline of developing a medicine from start-to-finish.
* **ERP Data Source and Data Feed Smart Contracts:** With the cost of Developing a new Medicine at up to $2 Billion End-to-End, our eNFT’s will be focused to Accredited Investor and Enterprise.
* **Financial & Accounting Smart Contracts:** Wherein [#Holdings](https://www.linkedin.com/feed/hashtag/?keywords=holdings\&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6907082650881011712) are considered Total Assets; wherein Total Assets will be Blockchain BioPharma DAO holdings of 50% of our NFT’s with the remainder being available to [#AccreditedInvestors](https://www.linkedin.com/feed/hashtag/?keywords=accreditedinvestors\&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6907082650881011712).
* **Smart Contracts for Medicine, Healthcare, iOT, and More:** Currently in Review & Coming Soon. <br>

All of the major Smart Contracts (public and private) will require an audit. Software [#Functions](https://www.linkedin.com/feed/hashtag/?keywords=functions\&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6907082650881011712) and [#Methods](https://www.linkedin.com/feed/hashtag/?keywords=methods\&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6907082650881011712) are most generously summed up in the following Open Zeppelin pricing for Security Audits:  <https://openzeppelin.com/security-audits/>

* **REQUIRED READING:**&#x20;

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