Home Improvement Smart Contracts
Aug 02, 2022•13 min•Ep. 5
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Episode description
- Imagine a smart contract generator that is geared towards home improvement.
- The contractor goes on a website and creates a smart contract.
- The smart contract will consist of the following
- Details of the home improvement
- The types of tiles used for the bathroom
- Along with more information on the tiles used
- Manufacturer
- Style, size, the color of tiles
- Where Which room will use the tiles
- How many tiles
- Along with more information on the tiles used
- How long will the work take
- What days will they be working
- Which days will the contractor come on-site to check on the work
- The cost
- Payment intervals based on the specific conditions
- Bank APIs
- The contractor and the homeowner have to mark each home improvement task complete for the payment to go from the homeowner to the contractor.
- One possibility is to use a 3rd party to check off the completions
- This will probably be an added cost to the homeowner, but it could be worth it to make sure that the work that was agreed upon would only get paid if the work is done as specified in the smart contract
- The types of tiles used for the bathroom
- Details of the home improvement
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