We recently announced a partnership with DIW to broaden the applications of smart contracts by incorporating human judgment.
DIW is creating an escrow service and Smarter Contract will enforce their contracts when there is a dispute. Human judgment is required to determine how funds are released from escrow for certain transactions. DIW and Smarter Contract’s collaboration incorporates such human judgment into smart contracts, thus enabling any escrow transaction to be executed fairly through DIW’s paid escrow platform.
DIW’s paid escrow service for smart contracts is an additional feature of its blockchain-based, decentralized network, complete with its own ecosystem and currency. Smarter Contract’s service will ensure that where necessary, experts resolve any dispute arising out of these smart contracts through a system that is autonomous, low cost, and reliable.
Smarter Contract is about making our partner platforms work better by resolving disputes that come out of their smart contracts. By delivering low-cost and reliable contract enforcement, Smarter Contract increases the peace of mind of our partners’ users.
What is great about our business model is that we will be at the core of many platforms. Therefore, our success depends on the total success of a diverse portfolio of platforms rather than the success of any one platform.
We have several other partnerships, including with Next Bridge Advisors, Pico Ventures, and Elemental, in addition to a few in the works.