So MTRC will allow an entrepreneur from a country to trade and buy stuff from any part of the world.? Would like to know whether there will be an escrow when these transactions happen.
Hi - My understanding is that there's going to be an escrow handled by the smart contracts. Basically, according to the white paper:
1) The Buyer deposits funds into the smart contract which acts as an escrow agent.
2) Funds are locked in the smart contract until release conditions are met.
3) Funds are released to the Seller upon successful delivery in a specified time horizon.
4) Funds are released to the Buyer if no delivery occurs in a specified time horizon.
HTH