Post
Topic
Re: [ANN][PRE-ICO] 🚀🚀 ModulTrade : The Freedom To Trade 🚀🚀
by
VitalyP
on 03/11/2017, 08:44:24 UTC
how would the blockchain tech would help transactions like items being returned also associated with smart contracts.

Hello, llhibionada.
Actually, the return of the item isn't an independent transaction but a part of the product sale cycle. Hence, if the item is returned due to a particular reason: non-satisfactory condition or not in line with the contract specification, it's handled under the same smart-contract. And it's going to be treated by smart-contract as non-delivery. Finally, the smart-contract will end up as canceled without any crypto transfer to the seller.
Thus, the smart-contract helps to avoid any mess and secure the purchase for both parties (the seller and the buyer).

Thank you for being with us and keep watching!