How the Blockchain Can Resist Fraud with the Help of Decentralized Escrow

[andrzej.srankiewicz]

Blockchainization has occupied many spheres of our life, starting with finance, systems of electrification, land registration, storage of medical data, flying taxis and ticket sales. However, the most important progressive move, which blockchain brings along, has the potential to change the whole structure of people’s relations fundamentally, excluding intermediaries, as well as many centralized management bodies.

At the same time, despite the crazy pace of the blockchain economy’s development these last days, every now and then we hear how the next governmental body or official threatens to ban or strictly limit the turnover of crypto assets and blockchain investments. The unprecedented growth of fraudulent schemes is usually referred to as a key reason for such drastic actions.

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