N1co1asB1ancon1 submits CCS proposal to develop and release 'Monero Contract System' v1

N1co1asB1ancon1¹ has submitted their first CCS proposal² to finish developing the first version of Monero Contract System³, a Rust web application which allows users to host their own arbitration/escrow platform:

People can create contracts like, “You will build me a website like X and Y in 1 month” or the what i think will be the most common “You will sell me 10 xmr for 2k usd”. The person selling the XMR will deposit it into the multisig escrow, share the link to confirm the funds are locked, and if the other party (in the USD example) deposits the USD, the funds can be released. [..] This proposal is to make the first release and allow people to run a business on top of this. [..] Different from the MVP, this release will use Monero multisig for escrow.

Total funding: 14 XMR.

ETA: 4 months.

Milestones overview

• M1: Improve security (1 of 2) (3.5 XMR)
• M2: Improve security (2 of 2) apply anti-spam (3.5 XMR)
• M3: Improve usability (3.5 XMR)
• M4: Improve deployability & maintainability (3.5 XMR)

A demo video for the MVP is available on Odysee⁴. Visit nicolasbianconi.com⁵ to learn more about nickbrazilian’s work.

To read the full proposal, share your feedback, ask questions and support this CCS, consult !563².

This is an ongoing story and the report will be updated when new information is available.

Update: proposal closed; development to continue.