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
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
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Trust Solution: Our application acts as a reliable intermediary, fostering trust between unknown parties during transactions by providing an escrow system.
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Security Measures: Implementing a secure Solidity smart contract, we ensure protection against fraudulent activities and guarantee both parties' fulfillment of obligations.
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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
Technologies used
Discussion
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