user wallets – wallet only

• owned/funded/managed by the individual User

• connected to an outside financial institution via on/off ramp

 

project wallet – wallet + smart contract

• Owner owned/funded/managed

• If/then – if there is a balance upon project completion / then it is sent to Owner

 

contract (by phase) – wallet + smart contract

• agreement between Owner + Contractor

  • scope – work to be performed

  • schedule – broken down by phase in sequential order

  • budget – each scope line has a value + OH&P

• Contractor owned

• Owner funded from project wallet (by phase)

• scope of work (w/value) created when Contractor opened the wallet & approved by the Owner prior to funding

• note: Sub/Supplier cannot see contract

• if/then - if Owner approves the phase / then phase OH&P is sent to Contractor

• modified by change order (as needed)

 

subcontract (w/invoices) – wallet + smart contract

• agreement between Contractor + Sub/Supplier

• Contractor owned

• Contractor funded from contract

• Invoices preset at the time of subcontract issue

• note: Owner/Lender cannot see subcontract values – only progress

• if/then - if Contractor approves invoice / then amount sent to Sub/Supplier

• modified by change order (as needed)