Xcrow

Decentralized Escrow Application on XDC Network for Merchants and Customers

Problem Statement

In online transactions, trust issues between merchants and customers often lead to disputes and potential fraud. The lack of a reliable escrow service poses a significant challenge.

Solution

Our project addresses this by creating a decentralized escrow application on the XDC network. It leverages smart contracts and NFTs to ensure secure transactions and funds' safety until services/products are delivered.

Product

Our application allows merchants to create escrow accounts, generate unique URLs for sharing with customers, and facilitates fund deposits and approval for release post-service/product delivery.

Tech Stack

• XDC Network
• Solidity (Smart Contracts)
• Web3.js
• HTML, CSS, JavaScript (Frontend)
• MetaMask Integration

Problems Faced While Building

• Smart Contract Integration: Ensuring seamless interaction between the Escrow and NFT contracts while maintaining security.
• NFT Minting: Managing the uniqueness and association of NFTs with their corresponding escrow accounts.
• Security and Edge Cases: Addressing potential vulnerabilities and edge cases to prevent misuse or exploitation of the system.

How to Use

1. Clone the repository.
2. Install dependencies.
3. Configure MetaMask with XDC Network.
4. Deploy the smart contracts.
5. Run the application.

Contributors

• Lokeshwaran B
• Aditya
• Vyshnav
• Sankar