E

Escrow

Building Trust in the pseudo-anonymous trustless system

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E

Escrow

Building Trust in the pseudo-anonymous trustless system


The problem Escrow solves

One of the features of web3 is pseudo-anonymity and it is a nice thing for securing the identity. But as it is not linked to one's original identity it may be challenging for people to trust someone in doing business and freelancing work. So, to bring trust in the trustless system I have made a decentralized Escrow platform where one can Escrow the amount while dealing to make the deal secured and decrease the fraudulent activities happening because of this particular issue.

Challenges I ran into

While making the project I made a lot of approaches to make sure that the money that has been Escrowed should not be in any one person's control and so to make it that way I was facing a lot of issues to build a secure platform for both the parties in a way where it should be zero loss for them and have equal power on the escrowed amount.

To solve that I researched deeply into the multi-signature concept and made the architecture of it accordingly and executed the project and was able to build it in the most secure way.

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