Blockchain Escrow

By GK Palem December 2, 2018 #Banking, #Blockchain, #Case study, #Finance, #Smart Contract

Transaction agreements recorded onto immutable distributed ledger allows automatic payments on transaction completion. Problem: Customer needed a platform to record the agreements on Blockchain and execute the payments on completion. Methodology: Cenacle built a secure Blockchain based Escrow platform with below features:

Agreements from the parties were recorded on Blockchain along with the completion conditions
Upon submitting the proof of completion, the agreed upon amount is released to the other party automatically

Results: A Blockchain software platform for escrow payments Cenacle Blockchain based Escrow System for Digital Payments

Key concepts: Immutable Distributed Ledger, Escrow payments, Digital transactions Domain: Banking, Finance, Blockchain

By GK Palem

A seasoned Executive with more than two decades of experience in growing software businesses and executing large-scale enterprise projects around emerging technologies. Proven track record of commercializing R&D concepts into commercial products. Connect with GK Palem if you are trying to adapt AI or Blockchain into Genomics, Computational Biology, Healthcare Informatics, Industrial Digitial Transformation, Cross-border Trade Smart Contracts or other deep-tech solutions or R&D concepts.

Blockchain Escrow

By GK Palem

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