diff --git a/cli/smartcontract/smart_contract.go b/cli/smartcontract/smart_contract.go
index f7ea2fed2..3cc9e2c18 100644
--- a/cli/smartcontract/smart_contract.go
+++ b/cli/smartcontract/smart_contract.go
@@ -210,6 +210,10 @@ func NewCommands() []cli.Command {
    symbols around array values to denote array bounds. Nested arrays are also 
    supported.
 
+   There is ability to provide an argument of 'bytearray' type via file. Use a 
+   special 'filebytes' argument type for this with a filepath specified after
+   the colon, e.g. 'filebytes:my_file.txt'.
+
    Given values are type-checked against given types with the following
    restrictions applied:
     * 'signature' type values should be hex-encoded and have a (decoded)
@@ -222,6 +226,7 @@ func NewCommands() []cli.Command {
     * 'hash256' type values should be hex-encoded and have a (decoded)
       length of 32 bytes.
     * 'bytes' type values are any hex-encoded things.
+    * 'filebytes' type values are filenames with the argument value inside.
     * 'key' type values are hex-encoded marshalled public keys.
     * 'string' type values are any valid UTF-8 strings. In the value's part of
       the string the colon looses it's special meaning as a separator between
@@ -250,6 +255,7 @@ func NewCommands() []cli.Command {
     * 'bad' is a string with a value of 'bad'
     * 'dead' is a byte array with a value of 'dead'
     * 'string:dead' is a string with a value of 'dead'
+    * 'filebytes:my_data.txt' is bytes decoded from a content of my_data.txt
     * 'AK2nJJpJr6o664CWJKi1QRXjqeic2zRp8y' is a hash160 with a value
       of '23ba2703c53263e8d6e522dc32203339dcd8eee9'
     * '\4\2' is an integer with a value of 42
diff --git a/pkg/smartcontract/param_type.go b/pkg/smartcontract/param_type.go
index 775ac49ee..2875e60bd 100644
--- a/pkg/smartcontract/param_type.go
+++ b/pkg/smartcontract/param_type.go
@@ -35,6 +35,9 @@ const (
 	VoidType             ParamType = 0xff
 )
 
+// fileBytesParamType is a string representation of `filebytes` parameter type used in cli.
+const fileBytesParamType string = "filebytes"
+
 // validParamTypes contains a map of known ParamTypes
 var validParamTypes = map[ParamType]bool{
 	UnknownType:          true,
@@ -142,7 +145,7 @@ func (pt *ParamType) DecodeBinary(r *io.BinReader) {
 //     int, integer -> IntegerType
 //     hash160 -> Hash160Type
 //     hash256 -> Hash256Type
-//     bytes, bytearray -> ByteArrayType
+//     bytes, bytearray, filebytes -> ByteArrayType
 //     key, publickey -> PublicKeyType
 //     string -> StringType
 //     array, struct -> ArrayType
@@ -162,7 +165,7 @@ func ParseParamType(typ string) (ParamType, error) {
 		return Hash160Type, nil
 	case "hash256":
 		return Hash256Type, nil
-	case "bytes", "bytearray", "bytestring":
+	case "bytes", "bytearray", "bytestring", fileBytesParamType:
 		return ByteArrayType, nil
 	case "key", "publickey":
 		return PublicKeyType, nil
@@ -223,11 +226,7 @@ func adjustValToType(typ ParamType, val string) (interface{}, error) {
 		}
 		return u, nil
 	case ByteArrayType:
-		b, err := hex.DecodeString(val)
-		if err != nil {
-			return nil, err
-		}
-		return b, nil
+		return hex.DecodeString(val)
 	case PublicKeyType:
 		pub, err := keys.NewPublicKeyFromString(val)
 		if err != nil {
diff --git a/pkg/smartcontract/param_type_test.go b/pkg/smartcontract/param_type_test.go
index c55e41f4d..1d3c54819 100644
--- a/pkg/smartcontract/param_type_test.go
+++ b/pkg/smartcontract/param_type_test.go
@@ -59,7 +59,11 @@ func TestParseParamType(t *testing.T) {
 	}, {
 		in:  "qwerty",
 		err: true,
-	}}
+	}, {
+		in:  "filebytes",
+		out: ByteArrayType,
+	},
+	}
 	for _, inout := range inouts {
 		out, err := ParseParamType(inout.in)
 		if inout.err {
diff --git a/pkg/smartcontract/parameter.go b/pkg/smartcontract/parameter.go
index 08d453916..5c870add7 100644
--- a/pkg/smartcontract/parameter.go
+++ b/pkg/smartcontract/parameter.go
@@ -7,6 +7,7 @@ import (
 	"encoding/json"
 	"errors"
 	"fmt"
+	"io/ioutil"
 	"math"
 	"math/bits"
 	"strconv"
@@ -387,6 +388,7 @@ func NewParameterFromString(in string) (*Parameter, error) {
 		escaped bool
 		hadType bool
 		res     = &Parameter{}
+		typStr  string
 	)
 	r = strings.NewReader(in)
 	for char, _, err = r.ReadRune(); err == nil && char != utf8.RuneError; char, _, err = r.ReadRune() {
@@ -395,7 +397,7 @@ func NewParameterFromString(in string) (*Parameter, error) {
 			continue
 		}
 		if char == ':' && !escaped && !hadType {
-			typStr := buf.String()
+			typStr = buf.String()
 			res.Type, err = ParseParamType(typStr)
 			if err != nil {
 				return nil, err
@@ -422,6 +424,13 @@ func NewParameterFromString(in string) (*Parameter, error) {
 	if !hadType {
 		res.Type = inferParamType(val)
 	}
+	if res.Type == ByteArrayType && typStr == fileBytesParamType {
+		res.Value, err = ioutil.ReadFile(val)
+		if err != nil {
+			return nil, fmt.Errorf("failed to read '%s' parameter from file '%s': %w", fileBytesParamType, val, err)
+		}
+		return res, nil
+	}
 	res.Value, err = adjustValToType(res.Type, val)
 	if err != nil {
 		return nil, err
diff --git a/pkg/smartcontract/parameter_test.go b/pkg/smartcontract/parameter_test.go
index 0a9c49251..45b421568 100644
--- a/pkg/smartcontract/parameter_test.go
+++ b/pkg/smartcontract/parameter_test.go
@@ -481,6 +481,12 @@ func TestNewParameterFromString(t *testing.T) {
 	}, {
 		in:  `Map:[]`,
 		err: true,
+	}, {
+		in:  "filebytes:./testdata/adjustValToType_filebytes_good.txt",
+		out: Parameter{Type: ByteArrayType, Value: []byte{0x30, 0x31, 0x30, 0x32, 0x30, 0x33, 0x65, 0x66}},
+	}, {
+		in:  "filebytes:./testdata/does_not_exists.txt",
+		err: true,
 	}}
 	for _, inout := range inouts {
 		out, err := NewParameterFromString(inout.in)
diff --git a/pkg/smartcontract/testdata/adjustValToType_filebytes_good.txt b/pkg/smartcontract/testdata/adjustValToType_filebytes_good.txt
new file mode 100644
index 000000000..593cb22e1
--- /dev/null
+++ b/pkg/smartcontract/testdata/adjustValToType_filebytes_good.txt
@@ -0,0 +1 @@
+010203ef
\ No newline at end of file