Secure business & peer payments
Decentralized smart contracts hold funds securely, protecting all parties from fraud.
Any conflict is resolved through neutral arbitration.
Whether you are an individual or a small business, dealing with unknown parties can feel risky. You might pay and not get the service, or deliver your work and not get paid-especially in cross-border deals. Traditional legal protections exist, but they are slow, costly, and often favor larger players.
Smart contracts solve this problem. They act as decentralized escrow, holding funds safely until the agreed work is completed. The client releases the payment only when satisfied. If a dispute occurs, an arbitrator examines the evidence and decides who receives the funds, just like a neutral judge.
Decentralized escrow is designed mainly for cross-border transactions between small and medium businesses, but it also works for domestic trade or high-value deals between individuals. Examples include domain names, vehicles, real estate, art, collectibles, game assets, freelance projects, and more.
See more detailed description of the workflow in the user guide.
When you make a contract, only you and your conterpart know its content. Even the Escryn doesn't know what your contract is about. The contract text is exchanged between you and your counterpart using Obyte's end-to-end encrypted messaging.
If your contract completes successfully, nobody else learns its content (unless you or your counterpart decide to disclose it).
If a dispute arises, the arbiter gets the unencrypted text of the contract from the claimant in order to be able to resolve the dispute. The arbiter is bound by their own privacy terms.
Only if the losing party decides to appeal the arbiter's decision, only in this case will they disclose the contract text to the Escryn. The Escryn will never share it with any third parties unless required by law.
Neither the Escryn nor the arbiters custody the funds. The funds are escrowed by a smart contract deployed on a decentralized network, and no third party can touch them, even the Escryn.
Since the Escryn works on top of a truly permissionless cryptocurrency platform, nobody can ever stop, block, restrict, or intervene with your transactions. There are no intermediaries like banks, SWIFT, or credit card systems. Even the Escryn itself is not an intermediary and can't intervene with your business.
Escryn takes a 1% cut from every contract it facilitates.
