The problem Escrow Board solves

Escrowboard solves the problem of trust and security in blockchain-based asset exchanges by providing a user-friendly, decentralized escrow Dapp. The platform allows users to create escrows for exchanging goods, assets, or services involving EVM chain-based assets. The unique feature of community-driven decision-making ensures fair dispute resolution and outcomes, removing the need for traditional intermediaries and enhancing transparency and trust in the blockchain ecosystem. With Escrowboard, buyers and sellers can transact with confidence, knowing that disputes will be resolved by the community, making it a reliable and trustworthy solution for exchanging assets in the blockchain space.

Challenges we ran into

During the development of Escrowboard, several challenges were encountered. These included ensuring the security of smart contracts through comprehensive auditing and testing. Designing a user-friendly interface that seamlessly integrates blockchain technology also proved complex. Implementing a fair and incentivized community governance system for dispute resolution required careful planning. Interoperability with multiple EVM chains and token standards demanded meticulous attention. Integrating decentralized storage solutions like IPFS/Filecoin presented technical intricacies. Scalability concerns arose as the user base grew, and managing network congestion and gas fees was a constant consideration. Adhering to regulatory requirements and fostering user adoption were additional challenges in this evolving blockchain ecosystem. Overall, persistent efforts and collaboration were crucial in overcoming these hurdles and creating a reliable and secure escrow platform.