Milestone Status Update

The Milestone Status Update Phase is where the Milestone Marker signals progress by marking a milestone as completed. This step is critical for keeping all participants informed about the transaction's progress and prepares the milestone for review by the Milestone Approver in the subsequent Approval Phase.

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Key Actions

1. Milestone Marker Updates Milestone Status

• The Milestone Marker logs into the platform or uses the Trustless Work API to update the milestone status to For Review, he signs the transaction, signaling the completion of the deliverable.

2. Escrow Contract Updates

• Upon the signed update, the escrow contract:

  • Changes the milestone status to For Review.

  • Retains the Approved Flag as False until explicitly approved or disputed by the Milestone Approver.

3. Notification to Milestone Approver

• The platform detects the status update and notifies the Milestone Approver that the milestone is ready for review.

4. Transparency for All Participants

• All participants, including the Milestone Marker, Release Signer, and Platform Address, can view the updated milestone status:

  • On-chain via the transaction ID or Stellar block explorer.

  • Through the Escrow Viewer or by querying the Trustless Work API.

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Key Metadata

1. Milestone Status:

   • For Review: Indicates the milestone is ready for approval or dispute.

2. Approved Flag:

   • Default = False: Remains unchanged until explicitly approved or disputed by the client.

3. Progress Details (to be added):

   • Optional fields can include:

     • Delivery notes.

     • Evidence of completion (e.g., reference IDs or uploaded documentation).

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Key Notes

• Blockchain Visibility: All participants can view the updated milestone status on-chain, ensuring transparency and traceability of progress.

• Platform Notifications: The platform plays a key role in notifying the client (Alice) about the milestone update, facilitating smooth communication.

• Optional Progress Details: The service provider can add supporting details or documentation (e.g., delivery receipts, tracking numbers) to enhance transparency.

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Phase Outcomes

1. Milestone Progress Recorded:

   • The service provider’s update is recorded on-chain, ensuring transparency and traceability.

2. Client Notified for Review:

   • The client (Alice) is notified to review the milestone and take action in the next phase.

3. Escrow Contract Reflects Progress:

   • The escrow contract’s milestone status is updated, preparing the transaction for the Approval Phase.