Construction
Last updated
Last updated
In the construction industry, disputes often arise over the submission of reports, validation, and approval of claims. With Snapture, we propose to have a solution that streamlines and automates the claims submission process, ensuring transparency and accountability at every stage.
This feature is currently under development and is subject to change.
In our protocol, the reports are stored using Pinata, a service that provides reliable IPFS storage. This approach not only guarantees that reports are immutable but also offers the ability to track and retrieve them with ease—even without using our web application. Importantly, the data belongs solely to the user, ensuring they retain full ownership.
Snapture introduces a system where client must deposit a specified amount as collateral before engaging contractors. Upon task completion, contractors submit their claims which are recorded using smart contract.
We use Sign Protocol to establish our attestation schema and the hook feature to trigger our custom smart contract.
The hook contract is implemented to require a predefined threshold of validator signatures. Once the required number of approvals is reached, the contract executes the payout in USDC to the contractor. This mitigates the risk of disputes and advocates trust amongst players since multiple validators contribute to the approval process.
To enhance ownership, an NFT will be minted for each completed task. It maps the contractor's identity to the specific task performed, encapsulating essential metadata such as completion timestamps and detailed task descriptions.
