📜Escrow History:
Escrow has evolved from simple trust-based agreements between ancient traders to sophisticated smart contract systems on the blockchain. Here, we take a journey through the history of escrow and how it adapted to meet the needs of an ever-changing world.
Explore each stage of escrow’s history:
🗿 Ancient to Colonial Era
From its birth in ancient civilizations to its formalization in medieval England and spread to colonial America.
🏦 Banking Era (19th - 20th Century)
The rise of banks formalizing escrow for mortgages, industry, and railroads.
💻 The Digital Era and Online Escrow
The transformation during the late 20th century with the rise of online commerce.
🔗 Blockchain Era: Decentralized Escrows
How blockchain and smart contracts revolutionized trust, making escrow programmable and trustless.
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