Hi, im after some advice. I am a builder working for myself, I work with my clients to create their dream homes. I had a problem once, a long while ago where one of my clients didnt pay me the full amount, it went to court and I eventually got my money, but after alot of stress and expense.
I am slowly learning about this blockchain technology from a younger family member and he recommended this project to me saying it could help with future contracts, saving me time and money, he sent me the link here for advice.
How would I go about using this service by myself as a builder? Would myself and my clients need to have "Contract Vault Tokens"?
Are these contracts legally binding in the UK? And how would it save me money?
Thank you for your help in advance
Hi Mr Corke,
It would probably you who would draw up the contract & include the cost of the VLT tokens as part of your service. Once the CV market place is up and running, you can create a legally binding smart contract which will be audited by the Contract Vault legal department according to your jurisdiction.
Im supporting this project its a brilliant idea with it easy use time & cost saving you can creat smart contract in your browser on your smartphone so Im wondering will their be an app available