| Pecu Smart Contracts

Pecu Smart Contracts work in a similar fashion as other blockchain infrastructure networks work, with a big difference.

A simple user interface was developed that allows members to place PECU in escrow for a transaction. There is no coding needed in order to issue this simple smart contract, it is as simple as selecting the date of the escrow release and any public or private notes surrounding the transfer. This is able to be done via the MVault that has been integrated into the Pecu Terminal and Wallet, so a simple click of the escrow button in the transfer area makes the magic happen.

The simple user interface for escrows was an important feature as it allows for anyone that is used to using Web2 interfaces to take advantage of the power of putting PECU in escrow. This is only the beginning because any token created on the backbone of the Pecu Novus Blockchain Network will have the same capability. It is all on-chain and transparent.

This is step one of the simple user interface , what is in development includes additional simple user interface solutions to compliment the escrow system as well as a code based platform for creating more complex smart contracts.

The integration of the MVault in the Pecu Terminal is significant as it not only allows for the safekeeping of various digital assets it also is the engine that makes smart contract writing very simple for network members. It will also bring with it the integration of e-signature capability , adding the element of digital versions of physical contracts.