What is NAS-ESCROW?


Decentralized

There is no 3rd party involved in the transaction. The involved parties choose to ship and release the funds when they are ready.

Dashboard

The platform is just a gateway to the Nebulas smart contract and provides the tools necessary to interact with the Blockchain.

Cost effective

At this moment, there is NO transaction fee. The cost is the one the seller and buyer agreed upon.

Secure

The NAS Blockchain provides the immutability and persistance of the transactions.

How it works

Below is a basic escrow transaction flow between a seller and a buyer.


1Buyer/Seller initiates a transaction

The buyer or the seller starts a transaction in which they describe the product details that is being traded and the price in NAS.

2The other party accepts the transaction

The seller/buyer accepts the escrow transaction details and price and chooses to reject or accept the transaction.

3The seller ships the product

After buyer has deposited the necessary funds within the Nebulas contract, the seller can choose to Ship the product and provide the shipment details.

4The buyer accepts the product

After receiving the product, the buyer has X amount of days to inspect the item and release the funds to the seller.


The funds are being kept secure in the NEBULAS smart contract. They can't be released or refunded by anyone other
than the parties involved. When buyer chooses to release the funds, they will automatically be credited within the seller NEBULAS adderess.

In case of a disagreement between the parties, they both have an option to dispute the transaction, in which case it will be handled only by the nas-escrow developer without any additional fee.


What's under development

Below is a list of under development features in order to
facilitate the usefulness of the Escrow smart contract. Hover over each section for more details.


Platform UX improvements

The current nas-escrow.com platform should iterate between user experience improvements. The same goes for the dashboard.

REST-ful API

We are currently developing a REST web service that should be implemented by developers in order to facilitate trading of any item on other platforms.

Dispute Enrollment

This feature should allow any person to handle a dispute for a small % NAS fee

Dispute AI

The dispute should be handled by an AI, not by a person, in order for the process to be entirely non dependant of human factor

Where can you find the contract code?

Both the platform and contract code are linked below:


Contact us

For any platform problems or enquiries, or any dispute arrangements
please use the email address below.


support@nas-escrow.com