⛓️Smart Booking & Automated Refunds – On-Chain Reservations with Guaranteed Protection

In traditional service marketplaces, booking transactions often rely on trust, leaving buyers vulnerable to fraud, cancellations, or unfulfilled appointments. time.shop eliminates these risks by implementing a fully automated, trustless booking system, where smart contracts ensure that every transaction is transparently executed and protected.

Blockchain-Powered Smart Booking System

When a user books time on time.shop, the entire reservation process is executed on-chain, ensuring that all parties are bound by smart contract logic.

• Instant On-Chain Booking Confirmation – Once a buyer purchases a time slot, the smart contract locks the payment in escrow, marking the reservation as confirmed.

• Tamper-Proof & Immutable Records – All booking details are stored on the blockchain, preventing fraud, misrepresentation, or disputes over appointment times.

• No Third-Party Intervention – Unlike Web2 platforms, time.shop operates trustlessly, meaning there’s no need for a centralized authority to verify or approve transactions.

Secure Payments with Smart Contract Escrow

Traditional booking systems often expose buyers to late cancellations or no-shows, with no guarantee of refunds. time.shop prevents this by using escrow smart contracts that ensure sellers are only paid upon service completion.

• Funds Held in Smart Contract Escrow – Once a booking is made, payment remains locked in the smart contract until the time service is delivered.

• Automatic Payouts for Completed Sessions – If the service is successfully provided, funds are immediately released to the seller, ensuring fast and seamless transactions.

• Multi-Asset Payment Options – Future upgrades will allow payments to be made in stablecoins, wrapped assets, or cross-chain tokens, providing flexibility to users.

Automated Refunds for Missed or Canceled Appointments

If a seller fails to fulfill a booked time session, the buyer automatically receives a refund, preventing financial loss or disputes.

• No-Show Protection – If the seller does not mark the session as completed within the designated time window, the smart contract automatically refunds the buyer.

• Dispute-Free Cancellations – If a seller cancels a booking before the scheduled session, the buyer instantly gets their funds back with no need for manual intervention.

• Flexible Cancellation Policies – Sellers can set custom cancellation rules, allowing for partial refunds or penalty-free cancellations within a specified timeframe.

Fraud Prevention & Reputation System

To further enhance trust and reliability, time.shop integrates on-chain reputation tracking, ensuring that both buyers and sellers maintain a strong transaction history

• Verified Booking History – Users can review past transactions, ensuring they engage with reputable and reliable service providers.

• On-Chain Dispute Resolution (Future Upgrade) – In edge cases, decentralized arbitration mechanisms will allow the community or DAO to mediate conflicts fairly.

• Reputation-Linked Incentives – High-rated sellers may receive lower platform fees, priority listings, or additional staking rewards as a benefit for maintaining a strong service record.