{"id":384,"date":"2018-12-02T07:18:48","date_gmt":"2018-12-02T01:48:48","guid":{"rendered":"https:\/\/cenacle.io\/?p=384"},"modified":"2018-12-02T07:18:48","modified_gmt":"2018-12-02T01:48:48","slug":"blockchain-escrow","status":"publish","type":"post","link":"https:\/\/gk.palem.in\/articles\/blockchain-escrow\/","title":{"rendered":"Blockchain Escrow"},"content":{"rendered":"\n\nTransaction agreements recorded onto immutable distributed ledger allows automatic payments on transaction completion.\n\n\n\n\n<em>Problem<\/em>:\u00a0Customer needed a platform to record the agreements on Blockchain and execute the payments on completion.\n\n\n\n\n\n<em>Methodology<\/em>: Cenacle built a secure Blockchain based Escrow platform with below features:\n\n\n\n\n<ol class=\"wp-block-list\">\n \t<li>Agreements from the parties were recorded on Blockchain along with the completion conditions<\/li>\n \t<li>Upon submitting the proof of completion, the agreed upon amount is released to the other party automatically<\/li>\n<\/ol>\n\n\n\n\n<em>Results<\/em>: A Blockchain software platform for escrow payments\n\n<img decoding=\"async\" class=\"aligncenter\" title=\"Cenacle Blockchain based Escrow System for Digital Payments\" src=\"https:\/\/res.cloudinary.com\/cenacle-cdn\/image\/upload\/v1543715211\/CenacleResearch\/blog\/images\/Escrow.jpg\" \/>\n\nKey concepts: Immutable Distributed Ledger, Escrow payments, Digital transactions\n\n<!-- \/wp:post-content -->\n\n<!-- wp:paragraph -->\n\nDomain: Banking, Finance, Blockchain\n\n<!-- \/wp:paragraph -->","protected":false},"excerpt":{"rendered":"<p>At Cenacle, we built a digital payments escrow system for our customers to track their transaction agreements and digital payments on immutable distributed ledger Blockchain.<\/p>\n","protected":false},"author":1,"featured_media":831,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_cloudinary_featured_overwrite":false,"fifu_image_url":"https:\/\/res.cloudinary.com\/cenacle-cdn\/image\/upload\/v1543715211\/CenacleResearch\/blog\/images\/Escrow.jpg","fifu_image_alt":"Blockchain Escrow","footnotes":""},"categories":[50],"tags":[54,39,51,55,57],"class_list":["post-384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","tag-banking","tag-blockchain","tag-case-study","tag-finance","tag-smart-contract"],"jetpack_featured_media_url":"https:\/\/res.cloudinary.com\/cenacle-cdn\/image\/upload\/v1543715211\/CenacleResearch\/blog\/images\/Escrow.jpg","jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pfLaRd-6c","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/posts\/384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/comments?post=384"}],"version-history":[{"count":0,"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/posts\/384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/media\/831"}],"wp:attachment":[{"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/media?parent=384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/categories?post=384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/tags?post=384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}