V Escrow Contract
V Systems’ Escrow contract allows you to carry out transactions under predetermined conditions that have to be met for the transaction to be completed.
Alice wants to sell a physical object to Bob on the V Systems’ blockchain. Alice sends the object, while Bob sends the fee in VSYS tokens. Based on the contract conditions, Alice will receive her fee only after the network has verified that the object was safely delivered to Bob.
V Escrow Features
No-code deployment
Issuing tokens on the V Systems’ chain does not require any coding skills. Contracts are pre-built and audited by V Systems.
Automated
The escrow contract protocol automates the transaction verification and execution based on the agreed terms.
Transparent
Since it is decentralized, users can freely open an escrow order, and verify the funds transferred or penalties issued to a recipient.
