Blockchain Technology has in recent years been hailed as the second generation of the Internet. While the debate rages on at the very least blockchain technology ability to transform organisation processes and the financial industry.
As the technology progresses and new use cases develop the e-commerce and trade finance are well placed to take advantage of the benefits blockchain can afford.
In response this, Smartlink, a DeFi Solution built in Tezos which is regarded as one of the most energy efficient, secure and scalable blockchain, is introducing Trust as a Service by leveraging decentralized escrow services with milestone management and payment processing services based on smart contracts.
Smartlink decentralized smart escrow suit includes a milestone module and marketplace with advanced features and an open API that can be used to bring cryptocurrency and smart escrow support to website and marketplaces.
The Escrow service allows users to either enter an agreement based on an enforceable contract template, or create their own contract. The milestone management feature can create an autonomous multi stage execution smart contract depending on satisfaction of underlying conditions agreed upon and in accordance with agreed timeframe. The following milestone contract is automatically triggered when both parties are satisfied.
By running this process on blockchain, transaction can be confirmed by smart contract removing the need for third party intermediaries, manual intervention and consequently eliminating fraudulent transactions.
Dispute resolution is provided through respected and leading Report Disputes Online arbitrator software on during the early phase but plans to integrate on chain dispute settlement through decentralized voting system are underway.
Smartlink decentralized Marketplace is built on the escrow protocol and made up of the escrow module and payments with additional functionalities as integrated crypto wallet browser and crypto support, allowing users to purchase products or services with SMARTLINK own utility token SMAK or other supported crypto token including for the escrow services. It is an ideal solution for numerous industries like OTC swaps, freelance gigs, NFTs at the focal point, according to Smartlink the second phase will expand to include delivery-tracking potentialities linking Marketplace with major logistical gateways.
Another component of Smartlink portfolio of decentralized products is a next gen AMM. Labelled Vortex the platform has already locked more then fifteen million in TVL since being launched in September. The DeFi platform comprises of staking, farming and includes different features like charts, analytics, tracking, ROI calculator and much more. Native Smartlink currency SMAK is the Governance Token for Vortex allowing holders to vote on critical decisions.
The lightening pace of improvement in the blockchain technology means that blockchain is ready to transform legacy processes and provide solutions that are faced by the industry today. Smartlink solves the Trust quandary and is set to to affect the way individuals, organisations and businesses collaborate with one another and the transparency of the processes.
General Information:
https://smartlink.so
https://twitter.com/smartlinkHQ
https://www.reddit.com/user/Teamsmartlink/
https://www.linkedin.com/company/smartlinkso
https://t.me/smartlinkofficial
https://discord.gg/72PDSW6B9q
