We are developing an ecosystem capable of facilitating international business transactions across multiple industries. We offer a unique bundle of functionalities:
We invite you to join our vibrant, expanding community. By joining, you do not only get access to the ecosystem of services provided by PrepayWay and other participants, but we also give you a chance to get actively involved and contribute your ideas, talent, and passion to drive higher levels of growth. Companies that are seeking to integrate blockchain into existing business functions can leverage our ecosystem to generate value. Businesses that offer complementary services are invited to team up and take advantage of synergy. Together we can shape the future.
Signaling our commitment to harnessing technology as a means of delivering efficient and innovative legal solutions, we have developed two main products, PrepayWay Real Estate and PrepayWay Global Trade, contracting and escrow tools for real estate and international commercial transactions. They are designed to improve the cost and time efficiency by streamlining contracting and payment processes. We have also established the International Smart Mediation and Arbitration Institute, an integral part of the PrepayWay ecosystem that provides alternative dispute resolution services adapted for smart contracts.
This flow chart presents one example of practical application of smart contracts and PrepayWay Escrow Tool for real estate reservation. Our customizable reservation agreement templates combined with smart contract technology make property reservation easy, transparent, and secure.
Valid agreement templates are developed by our legal partners for each region in accordance with local laws and regulations. The rights of parties are clearly defined and spelled out in each type of agreement. The risk of the breach of a legal agreement is low: smart contracts execute only if parameters are fulfilled. Thus, the frequency of disputes can be significantly reduced.
Anticipating situations when disputes do arise, PrepayWay offers an intelligent system for mediation cases submission. Our International Smart Mediation and Arbitration Institute – a network of independent experts in international mediation and arbitration – ensures fair and efficient dispute resolution. The following chart presents one of the several possible dispute resolution scenarios.