Comprehensive guides on escrow, blockchain technology, fraud prevention, and building trust in the construction industry.
Understanding the basics of escrow and how it protects both parties in a transaction.
Learn about common fraud schemes in construction and how to protect yourself.
How blockchain creates trust through transparency and immutability.
Why Sabeam uses XRPL for fast, low-cost, and secure escrow transactions.
A step-by-step guide to using Sabeam for secure construction payments.
How Sabeam's reputation system and verification processes create accountability.
The Problem: Traditional construction contracts often require large upfront deposits. If a contractor abandons the project or delivers substandard work, clients have little recourse and may lose their entire investment.
Sabeam's Solution: Funds are locked in a blockchain escrow and only released when you approve each milestone. You review evidence (photos, documents, inspections) before approving payment. If work isn't satisfactory, you can reject the milestone and request corrections.
Technical Protection: Every piece of evidence is cryptographically hashed and timestamped on the XRP Ledger. This creates an immutable record that proves exactly what was delivered and when. Contractors cannot fake completion or alter evidence after submission.
Dispute Resolution: If you and the contractor disagree, Sabeam's transparent dispute process involves third-party arbitration with all evidence publicly verifiable on the blockchain. The arbitrator cannot be bribed or influenced because all decisions are recorded permanently.
The Problem: Contractors often complete work only to have clients delay payment, dispute quality, or refuse to pay altogether. Legal action is expensive and time-consuming, leaving contractors out of pocket.
Sabeam's Solution: Clients must fund the full escrow amount before work begins. Once you complete a milestone and submit evidence, the client has a defined approval period. If they don't respond, the milestone auto-approves and funds are released automatically.
Technical Protection: XRPL's built-in escrow functionality ensures funds cannot be withdrawn by the client once deposited. Smart contracts enforce approval deadlines and automatic releases. No bank or payment processor can freeze or reverse the transaction.
Reputation Building: Every successful project adds to your reputation score, which is publicly verifiable on the blockchain. High-reputation contractors enjoy lower fees, better visibility, and more client trust—creating a virtuous cycle of quality work and fair payment.
Immutability: Once a transaction or evidence hash is recorded on the blockchain, it cannot be altered or deleted by anyone—not even Sabeam. This prevents fraud, backdating, and evidence tampering.
Transparency: All escrow transactions are publicly auditable. Anyone can verify that funds were deposited, milestones were approved, and payments were released. This creates accountability and deters fraud.
Decentralization: No single entity controls the XRPL network. Even if Sabeam's servers go offline, your escrow remains secure and accessible through the blockchain. Funds cannot be seized, frozen, or misappropriated.
Speed & Cost: Traditional escrow services involve banks, lawyers, and intermediaries—each taking days and charging fees. XRPL settles transactions in seconds with fees under $0.01, making escrow practical for projects of any size.
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