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I will get downvoted for sure. And FWIW, I don't work at a blockchain company. But these issues seem like the type of thing smart contracts with escrow accounts
by codesushi42 7y ago
I will get downvoted for sure. And FWIW, I don't work at a blockchain company. But these issues seem like the type of thing smart contracts with escrow accounts were meant to solve.
Place the payment into an escrow account that pays out to multiple parties on a regular cadence, after milestone etc. Everyone can see there's a balance in the account, and it's guaranteed to be dispersed according to some conditions being met.
- _mhr_ 7y agoI don't know anything about smart contracts, but how does the smart contract know if a milestone has been met?
- codesushi42 7y agoIt doesn't. But it can guarantee regular payments, and transparency regarding the funds available. You could implement a voting mechanism for the milestone payment. Or leave it to the boss.