ChainPact Reviews

ChainPact Description

A payroll decentralized application or peer to peer contract.

ChainPact currently allows you to make two types of pacts: Gig pact or Proposal pact.

Gig Pact allows anyone to create a freelancing or employment contract on the Blockchain. This is a time-based contract where the employer pays the agreed upon payment at the agreed upon intervals. The contract acts as an "escrow smart contract" for the payment.

The Proposal pact smart contracts can also be used to create a fundraising campaign or kickstarter-type campaign on blockchain. It allows the creator of the smart contract to set a voting start time and duration. So contributors can choose to vote later on whether the funds are to be disbursed to the creator's account or to another account (e.g. refunded to them).