Why are you creating multiple threads about your service? Please merge.
https://bitcointalksearch.org/topic/--5211771
Topic: Why did Escrow need for OTC deals? (Read 88 times)
An escrow 
is a mechanism that controls and protects the financial assets, where a third party holds and regulates the payment of two parties involved in a given transaction.
For example, in the process of buying and selling Bitcoin through an OTC trade, Bitcoin is moved from the seller’s wallet to the escrow. Once the seller has confirmed that the outgoing payment has made, then they can choose to release the asset held in the escrow. Once the Bitcoin gets a release from the trade escrow to the buyer’s wallet, the trade will get completed. In-case, if the trade is canceled then the Bitcoin will be returned back to the seller’s wallet. This helps to build trust between both parties, and dispute management becomes easier.
OTC trading is taken over at GokuMarket is managed by an artificial intelligence-based smart escrow system that enables matching of OTC orders, raises & resolves disputes automatically, and can be paired with multiple OTC use cases within the platform, like precious metals trade. Nontechnical merchants and businesses can also benefit from the platform by listing their products on the e-commerce marketplace of GokuMarket. A blockchain-based smart escrow system makes sure the seller receives payment once the buyer confirms the correct product is received. In case of disputes, the artificial intelligence-based dispute management system assists in resolution.
Traditional OTC systems have very high risks associated with them as the buyer has to select from sellers and then trust & communicate with each other. Whereas, the artificial intelligence assisted OTC matches buyer & seller based on their past trading history and current rates offered. Disputes management is automated based on disputes and order completion rates, user’s scores are computed by the algorithm while matching buyers & sellers; this helps in automatically blocking un-trusted traders and makes the process reliable & secure.
is a mechanism that controls and protects the financial assets, where a third party holds and regulates the payment of two parties involved in a given transaction. For example, in the process of buying and selling Bitcoin through an OTC trade, Bitcoin is moved from the seller’s wallet to the escrow. Once the seller has confirmed that the outgoing payment has made, then they can choose to release the asset held in the escrow. Once the Bitcoin gets a release from the trade escrow to the buyer’s wallet, the trade will get completed. In-case, if the trade is canceled then the Bitcoin will be returned back to the seller’s wallet. This helps to build trust between both parties, and dispute management becomes easier.
OTC trading is taken over at GokuMarket is managed by an artificial intelligence-based smart escrow system that enables matching of OTC orders, raises & resolves disputes automatically, and can be paired with multiple OTC use cases within the platform, like precious metals trade. Nontechnical merchants and businesses can also benefit from the platform by listing their products on the e-commerce marketplace of GokuMarket. A blockchain-based smart escrow system makes sure the seller receives payment once the buyer confirms the correct product is received. In case of disputes, the artificial intelligence-based dispute management system assists in resolution.
Traditional OTC systems have very high risks associated with them as the buyer has to select from sellers and then trust & communicate with each other. Whereas, the artificial intelligence assisted OTC matches buyer & seller based on their past trading history and current rates offered. Disputes management is automated based on disputes and order completion rates, user’s scores are computed by the algorithm while matching buyers & sellers; this helps in automatically blocking un-trusted traders and makes the process reliable & secure.
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