The increased occurrence of internet fraud puts consumers in a precarious position. Non-payment/Non-delivery is the fourth most prevalent cyber-crime in the United States in which victims lost a total of 265 million USD.
Smart Service Contract
The combination of four components (title,
description, price and signature) published in the
Marketplace, where the signature is a NFT with a
reference to the contract that can be used to prove
An arbitrage mechanism that can be activated by any
contract signatory and penalizes or rewards parties
by receiving ‘inputs’ from trusted judges and
executing unbiased logic defined in the contract.
Before the contract is signed, users select Judges,
which are rewarded for providing reliable data to the
contract so that arbitrary logic can be executed and
dishonest parties can be penalized.
A Plutus validator responsible for handling service
offers and requests. Offers can be made by providing
a service and an arbitrary amount of DSET tokens
used as commitment proof.
SolutionEliminate non-payments/non delivery problems through Cardano’s blockchain transactions
They are calculated through an algorithm that collects
statistics related to the service or good provided and
returns the amount of tokens per hour that will be
Parties that refuse to follow the rules pre-defined in
the contract will be penalized by losing tokens
proportional to the severity of their misbehavior.
You can select good service providers by analyzing the
trust tokens they have and the contract they proposed. If
one party does not follow the terms, the contract logic will
be executed, receiving inputs from the judges specified in
the contract and penalizing dishonest parties.
September – November 2021
December 2021 – May 2022
Technical model and solution details
Prototype roll out and marketing partner selection