What is ChainTract, its use-cases, who are its target users, and why may it make the world a safer place?
We are excited to announce the ChainTract project — blockchain-based, cross-chain decentralized escrow system — that allows businesses and independent professionals to quickly and safely make a transaction while avoiding malicious users as our platform is powered by smart contracts that also support major stable coins and networks such ETH, BSC, Polygon, Solana, and many more. ChainTract serves as a critical blockchain decentralized for anyone, anywhere to transact products, services, digital items without worrying about any malicious actors or users. By leveraging the Chaintract network, Many can now offer their product or services online. Buyers and employers can now have complete confidence in hiring new employees or buying new products, NFTs, or anything with ease by trusting no one but the smart contract running only.
Entrepreneurs, executives, cryptocurrency enthusiasts, individual experts, influencers, e-commerce, economists, and anyone else who wants to complete a transaction with peace of mind can now use the ChainTract network and services to acquire and get lower prices than they could ever be, and by having a wide range of options that they didn’t have access to before.
We decided to build ChainTract after struggling to find new talent to hire without running into fraudsters or doing any simple or complex transaction without having to refer to traditional fiat escrow software that charge enormous sums up to 35% for just simple transactions, so we decided to build a secure and fraud-proof escrow technology as blockchain is promptly becoming the industry standard for entrepreneurs, freelancers, and independent contractors. Through ChainTract, anybody can quickly connect their wallet, enter the contract terms, and receive a short link similar to (WeTransfer), which they could later share with their prospective buyer or employer, as well as a wide range of our smart contract use cases.
By embracing the blockchain, we make the world a safer place, or in other words, by adopting “Chaintract,” we can truly make blockchain safer for everyone. In the long run, we can attract users of fiat-escrow systems to utilize our network, which is far more affordable than any other method available. ChainTract plans to expand its ecosystem by providing quality tools that enable high-potential use cases built on its smart contracts.
After searching through a variety of escrow solutions, we chose to develop Chaintract and providing a wide range of best-in-class features, such as:
- Ease to use — Ease to use consist of the usability, accessibility, navigability, and logical structure so our team will always ensure that our platform is incredibly easy and straightforward to create the task or agreement and for the clients end to fund it.
- Blockchain Agnostic — Chaintract is blockchain agnostic, meaning our network can be made available on any current or future blockchain environment.
- Decentralized — Chaintract is the most decentralized escrow network in the blockchain industry, offering us access to a vast addressable market of potential consumers, talents, products, digital assets.
- Provably Secure — Chaintract utilizes public blockchains to protect users from third-party intervention by eliminating the possibility for central parties to unilaterally modify the policies of the system.
- Low Fee — Chaintract take adoption of the blockchain’s speed and minimal cost, making it the most affordable platform for both the provider and the client.
“Blockchain’s enabling infrastructure for security and a secure environment is still in its infancy. By developing the ChainTract network, we will make it easier and safer for anybody to utilize our smart contracts through Chaintract, hence increasing the number of developers and employers we can reach with our blockchain escrow system and the range of options they now have.”
— Joe D. - CFO at ChainTract
About ChainTract
ChainTract is a smart contract-powered platform that provides a fully decentralized experience for providers and clients, ultimately resulting in a safer, more affordable, faster, and smoother experience and environment for both parties. At the same time, its governance token and voters make the platform the safest of them all.
Check out our website at ChainTract.io or read the whitepaper of ChainTract to get a more in-depth of our goals and the problem we’re trying to solve.
