Smart Escrow
A highly secure system for conducting safe transactions, built on a smart contract, with an integrated DAO mechanism for resolving disputes.
How it works
The parties involved in the transaction describe all the terms in their own words. Based on this information, artificial intelligence generates a smart contract. The AI also determines the escrow fee based on these details — the more terms there are, the higher the fee.
1.
The payer deposits the funds into the smart contract.
3.
2.
The tool can be used for:
Purchase and sale transactions (P2P exchanges)
Service agreements
Investment contracts, including ICOs, with the option of phased funding tied to the project’s roadmap.
If the obligations are fulfilled, the executor receives the payment from the smart contract to their wallet.
4.
In the event of a dispute, either party can initiate arbitration.
5.
In the first stage, a platform expert acts as the arbitrator, reviewing the dispute and making a decision.
6.
If either party disagrees with the decision of the initial arbitrator, they have the option to continue the arbitration by paying an additional fee for the services of 10 independent arbitrators. The fee is determined based on the complexity of the original contract. The arbitrators are appointed randomly, but with consideration of their expertise related to the dispute.
7.
Infinity Mining ©2023. All rights reserved.