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:
  1. Agreements from the parties were recorded on Blockchain along with the completion conditions
  2. 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 Key concepts: Immutable Distributed Ledger, Escrow payments, Digital transactions Domain: Banking, Finance, Blockchain