AXK - Working with Escrow Contracts

How Escrow Works

Escrow protects both buyers and sellers by holding funds in a neutral, verified account until transaction conditions are met.

Escrow Lifecycle

1. Created — Buyer and seller agree on terms (price, quantity, quality requirements, delivery deadline).
2. Funded — Buyer deposits the agreed amount into escrow.
3. In Transit — Commodity is shipped; GPS tracking active.
4. Delivered — Delivery is confirmed at the destination.
5. Inspected — Quality inspection passes at destination (if required).
6. Released — Funds are released to the seller.

Dispute Resolution

If there's a quality dispute or delivery issue, either party can raise a dispute through the escrow interface. The dispute resolution process involves an independent review of inspection records, GPS data, and custody chain evidence.