Problem Statement

The inherent trust issues in P2P transactions pose significant barriers to seamless and secure exchanges in the Web3 space. Buyers risk losing their money if sellers fail to deliver goods or services, while sellers face the possibility of non-payment. Traditional escrow services, though helpful, are often centralized, costly, and limited in flexibility. Moreover, in the blockchain ecosystem, once a transaction is completed, there is no central authority to revert it if something goes wrong. There is a need for a decentralized, efficient, and user-friendly escrow solution that can cater to the growing Web3 P2P market, ensuring secure transactions and minimizing risks for both parties.