Approval phase

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Last updated 3 months ago

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Approval phase

The Approval Phase is where the Milestone Approver evaluates the milestone marked as For Review by the Milestone Marker. This critical step determines whether the milestone is approved or disputed, dictating the next steps in the escrow process and transitioning the transaction toward completion or resolution.

Key Actions

1. Milestone Approver Reviews the Milestone

The Milestone Approver evaluates the deliverable or service associated with the milestone, referencing any supporting evidence or details provided by the Milestone Marker.

2. Decision: Approve or Dispute

Approve:
- If satisfied, the Milestone Approver approves the milestone.
- The Approved Flag is updated to True, signaling that the transaction can proceed toward the Release Phase.
Dispute:
- If concerns arise, the Milestone Approver disputes the milestone.
- The Approved Flag is updated to On Dispute, pausing the transaction and escalating it to the Dispute Resolver.

Next Steps: the approved / dispute flag determines what Next step on the excrow lifecycle is enabled.

If the milestone is approved, the Release is possible,

If a dispute is raised, the dispute resolver must set a resolution and either update the amount, or cancel the milestone.

Key Metadata

1. Milestone Status

For Review: Indicates the milestone is under review by the Milestone Approver.
On Dispute: Set when the milestone is disputed, triggering resolution by the Dispute Resolver.

2. Approved Flag

True: Set when the Milestone Approver approves the milestone.

Key Notes

Milestone Approver Authority: The Milestone Approver has sole authority to approve or dispute milestones, ensuring their satisfaction with the deliverable.
Platform's Role: The platform facilitates the review process by providing tools and notifications to assist the Milestone Approver.
On-Chain Transparency: All participants, including the Milestone Marker, Release Signer, and Platform Address, can track the milestone’s status and associated decisions on-chain.
Dispute Escalation: Disputes trigger the transaction to enter the Dispute Resolution Phase, ensuring fair and transparent resolution before proceeding.

PreviousComplete phase NextRelease phase

Last updated 3 months ago

Was this helpful?

Key Actions

1. Milestone Approver Reviews the Milestone

The Milestone Approver evaluates the deliverable or service associated with the milestone, referencing any supporting evidence or details provided by the Milestone Marker.

2. Decision: Approve or Dispute

Approve:
- If satisfied, the Milestone Approver approves the milestone.
- The Approved Flag is updated to True, signaling that the transaction can proceed toward the Release Phase.
Dispute:
- If concerns arise, the Milestone Approver disputes the milestone.
- The Approved Flag is updated to On Dispute, pausing the transaction and escalating it to the Dispute Resolver.

Next Steps: the approved / dispute flag determines what Next step on the excrow lifecycle is enabled.

If the milestone is approved, the Release is possible,

If a dispute is raised, the dispute resolver must set a resolution and either update the amount, or cancel the milestone.

Key Metadata

1. Milestone Status

For Review: Indicates the milestone is under review by the Milestone Approver.
On Dispute: Set when the milestone is disputed, triggering resolution by the Dispute Resolver.

2. Approved Flag

True: Set when the Milestone Approver approves the milestone.

Key Notes

Milestone Approver Authority: The Milestone Approver has sole authority to approve or dispute milestones, ensuring their satisfaction with the deliverable.
Platform's Role: The platform facilitates the review process by providing tools and notifications to assist the Milestone Approver.
On-Chain Transparency: All participants, including the Milestone Marker, Release Signer, and Platform Address, can track the milestone’s status and associated decisions on-chain.
Dispute Escalation: Disputes trigger the transaction to enter the Dispute Resolution Phase, ensuring fair and transparent resolution before proceeding.