What is PAID Network?

PAID Network (PAID) is a project which aims to provide blockchain-based DeFi-driven legal agreements known as “SMART agreements”. So, why is this needed and what does it mean? To begin with, the current global framework for cross-border settlements i...Mores fractured. As such, interoperability between regional legal systems is lacking in many parts of the world, and legal procedures can be drawn out, complex, and expensive. What’s more, systemic inefficiencies of the current legal infrastructure make it difficult for small settlements to be pursued. PAID Network looks to be a simple and easy-to-use alternative to this. The costs and complexities of cross-border legal proceedings and the uncertainty of the outcome often means that settlements and agreements are deemed not worth pursuing. However, by harnessing the power of blockchain and DeFi, PAID Network is eliminating many of the inefficiencies in cross-border legal settlements. In this article, we’ll explore the PAID Network ecosystem and dive into its core features. We’ll also discuss the benefits of PAID bringing legal settlements onto the blockchain and the advantages of this innovative platform.Less