Overview of Buyer-Seller Interaction
Last updated
Last updated
Buyers set project requirements, timelines, and payments, which sellers can review and accept if they align. A smart contract then locks the buyer’s funds, ensuring payment is only released upon successful project completion. Sellers work on the deliverables, providing updates as needed. Once completed, the buyer reviews and approves the work, triggering the smart contract to release the payment. This straightforward process ensures transparency and trust in every transaction.