In our sixth’s Members Club event we had the honor to host Thomas Bertani. Thomas’ presentation covered his project Fehu which makes it possible to link payments on OpenBazaar with a proof of delivery.
A full description from the speaker:
“We’ll start with an introduction about Bitcoin smart contracts, oracles and the Oraclize provably-honest oracle service. We’ll then move our focus to Fehu, an holistic solution powered by an Oraclize-based smart contract. Fehu acts as an automated escrow for e-commerce transactions. Every time you buy a physical good online, Fehu can play its role by linking payment to delivery in a new smart way. The only way this is possible is thanks to cryptocurrencies and smart contracts. There is no third party involved other than the code itself on which both the buyer and seller do agree. This means Fehu is a engine helping the two transacting parties to execute and implement their agreement in a way which does benefit both of them – risk of no performance is inherently limited. Fehu is integrated with OpenBazaar as well and in that context works just like any other moderator, the only difference being its non-human nature.”