Byteball Use-a-Thon: Secure Domain Transfer with Smart Contracts
Hello, i think i have a very good idea :)
I like sale the domain www.best-bitcoin-domain.com for 20.000$.
After two weeks i found a serious buyer.
He propose the deal:
- He pay first 10.000$ to my bank account
- After i receive the money i transfer the domain
- After the successful domain transfer he pay the other 10.000$
I think this is ok and i agree.
3 days later i receive the money and i start the transfer with the domain.
The transfer is finish and i contact again the buyer, but he don't answer.
I try it more than 4 weeks, but without success…
Now i'm looking for a lawyer… :(
If you sale or buy a domain then you must trust the other party.
Trust is good, but smart contracts are better!
If you transfer a domain and the buyer don’t pay, you (the seller) have a problem.
If you pay for a domain and the seller don’t transfer, you (the buyer) have a problem.
The solution for this problem is the platform byteball with smart contracts!
What we need:
- Whois Oracle
- Domain Transfer Bot
- *Optional Web Interface
The whois oracle check the owner of domains on different whois services
and save the information in the DAG.
Note: All domains in the web have a owner and he is registered in different dns companys.
Domain Transfer Bot
Create easy domain transfer requests as readable smart contracts in chat with a bot.
The bot ask this informations:
- the byteball adress
- domain name
- current owner of domain (seller)
- new owner of domain (buyer)
- expire date
After this information the bot check the current owner in whois oracle and create a smart contract.
Now is the domain transfer business trustless!
Never again problems with this real-world problem!!
Very cheap and easy to use, maybe later with web interface!!
Thank you for reading,
and sorry for my bad english!