💎Valuables

Alright can make it safer and easier to buy or sell high value items

Alright is a safer way to buy and sell valuables like instruments, electronics, jewelry, and other high-priced items when you need to check it out it first.

Example Workflow

Beth wants to buy a handmade guitar from Dave, but she needs to play the instrument to know that it has been made properly. They agree on a price and the shipping logistics. Beth chooses to escrow her payment through Alright so that Dave will receive the funds only after she is able to test out the guitar and know that it sounds great.

To keep them both honest, they each put up a security deposit. The payment and security deposits are sent to Alright's smart contract, and when the details match, Alright locks them in.

Beth feels confident that Dave is going to send her a quality guitar because he has collateralized their agreement. Dave can confidently ship the instrument to Beth knowing Beth will follow through on the payment because she has also contributed collateral.

Dave requests payment when he ships the item, as his side of the deal is done. When Beth plays her favorite song and hears the great sound the guitar can produce she agrees to release the funds. As soon as she does so, her payment is forwarded to Dave and they both receive their collateral back.