- 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
Blockchain Escrow
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: