Audience
Freelancers, remote workers, creators, entrepreneurs, crypto investors, DAOs
About ChainPact
A decentralized peer to peer work contract or payroll decentralized application.
There are currently two kinds of pacts that can be made using ChainPact - Gig pact and Proposal Pact.
Gig Pact enables anyone to create a freelancing agreement or employment contract on the blockchain. This is a time based contract, where the employer pays the agreed upon payment at agreed upon intervals. The contract acts as an escrow smart contract for the payment.
Further, a fundraiser or a kickstarter type campaign on blockchain can be created using the Proposal pact smart contract. It allows the creator to specify a certain voting start time and duration. So contributors can vote at a later date whether to disburse the collected funds to the creator's chosen account or somewhere else (like refunded back to the contributors)