NAT Token to Support Blockchain Escrow Solutions

Blockchain powered enterprises are primed and positioned to make waves and explode into the mass consumer market in 2019. With particular industries enhanced by the technology, they're set to outperform their conventional predecessors. Peer-to-peer (P2P) payments are obviously one of the dominant blockchain use-cases, as can be seen with the plethora of emerging cryptocurrencies we now see today.

The Australian-based company ‘Natmin’ is a promising blockchain startup that has seized this opportunity. The startup has applied the robust decentralized P2P payments system to enhance a service that is increasingly plagued by threats due to theft and fraud - an Escrow Service. Ironically an escrow service is used specifically to mitigate such risks and is exactly what a blockchain solution will provide.

Natmin Pure Escrow facilitates safe and secure escrow transactions, by utilizing smart contract technology to implement, regulate and enforce accountability by both parties. A transaction will only be executed once all of the contract’s provisions are checked and deemed compliant, including compulsory KYC, AML and CTF verification.

Substituting the previously employed middleman with the unambiguous blockchain is not only time efficient, but cost-effective, as the self-regulating system is operable 24/7 and doesn’t require a salary for its time and effort. This efficacy is reflected in Natmin’s incredibly low fees, being a fraction of the cost of traditional escrow services.

The Natmin Token (NAT) that supports the platform is built on the widely used and accepted ERC20 / ERC223 standard using the Ethereum Blockchain.

Natmin is currently in the midst of an Initial-Coin-Offering (ICO), that will run up until New Year’s Eve - the 31st December 2018.

For more information, check out Natmin.io.