Tag: 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 is 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.