Principle
Principle standardizes risk management and evaluation of interactions between the stakeholders in each market interaction and give users sense of security and accountability when doing business on the blockchain.
Solution
Principle provides a protocol by which developers of blockchain marketplaces and service/exchange platforms can deploy an agreement, define the conditions and require consensus of peers at key points in the process of execution therefore solving the issue of trust, reliability and accountability in decentralized marketplaces and agreements for their customers.
Technology
Principle provides easy to use SDK that deploys Ethereum smart contracts, that are deployed when all parties that are stepping into an agreement create a list of binding rules that will be used in case of a potential disagreement in the future. All data is securely stored on the blockchain and the cost of evaluation is governed by free market economics.
About the client
Principle project was started from observing our own needs in business interaction between clients and contractors. Principle brings back trust and reliability between all parties in an agreement and provides a sufficient level of insurance and comfort for the end users trusting the system.