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ISnTi18 - Secure Escrow

ISnTi18 - Secure Escrow

Secure Escrow is a decentralized escrow service that allows users to safely trade with each other without the need for a middleman.

Created on 25th July 2023

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ISnTi18 - Secure Escrow

ISnTi18 - Secure Escrow

Secure Escrow is a decentralized escrow service that allows users to safely trade with each other without the need for a middleman.

The problem ISnTi18 - Secure Escrow solves

  • Trust Solution: Our application acts as a reliable intermediary, fostering trust between unknown parties during transactions by providing an escrow system.

  • Security Measures: Implementing a secure Solidity smart contract, we ensure protection against fraudulent activities and guarantee both parties' fulfillment of obligations.

  • Decentralized Escrow: Unlike traditional services, our DEFI TRACK application offers a decentralized escrow service using blockchain technology, removing intermediaries, biases, and additional costs for a trustless environment.

Challenges we ran into

  • Not being able to set up the solidity on our local machine. Learned to use hardhat and how nodejs requires administrator access for a few scripts.
  • Deploying the smart contract, there were many difficult ways in front of us until we found QuickNode, It made deployment of the smart contract easier.
  • Connecting the smart contract with our Next.js application.
  • Refactoring and redeploying our smart contract multiple times while developing the front end.

Tracks Applied (1)

Defi

Our application aims to solve the issue of trust between unknown parties by providing an escrow system that acts as an i...Read More

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