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It still remains that the transaction has a trusted 3rd party, this is not revolutionary. Algorand can solve this without a trusted 3rd party. https://communit

by _z1234 6y ago

It still remains that the transaction has a trusted 3rd party, this is not revolutionary. Algorand can solve this without a trusted 3rd party. https://community.algorand.org/blog/utilizing-algorands-asc-1-to-run-an-escrow-account/ https://community.algorand.org/blog/utilizing-algorands-asc-... https://developer.algorand.org/docs/build-apps/apps/#escrow-account-based-applications https://developer.algorand.org/docs/build-apps/apps/#escrow-... Super easy for developers to get started with too: https://developer.algorand.org/ https://developer.algorand.org/

alexchamberlain 6y ago
I think the trusted 3rd party is essential to these transactions. At least in the UK, the conveyancers aren't just providing escrow or legal services, but also a professional, guiding voice through the transaction as a whole.