A decentralized ecosystem designed to redefine the civil legal system, creating a new approach to how we do business with one another utilizing proprietary SMART Agreements, a community-governed arbitration system, reputation scoring and DeFI tools. PAID Network is a decentralized protocol offering users easy-to-use web and mobile apps, enabling them to do business with anyone anywhere, without the need for expensive legal services. With PAID’s proprietary SMART agreement templates, users can quickly fill in terms and execute simplified business contracts from their desktop or mobile phone. PAID removes the unnecessary complexity of creating and executing documents, as well as breaking down the borders that complicate arbitration. Through the community-governed arbitration system, disputing an agreement has never been easier or more efficient. In order to support this new system, PAID will introduce a suite of new DeFi tools including staking, insurance and escrow, allowing users to complete the business agreement process from beginning to end through the platform. These DeFi tools will also create opportunities for the PAID community, enabling them to securely participate in lucrative business sectors which have historically been inaccessible to all but the largest worldwide institutions. The PAID marketplace will allow businesses and business professionals to post offers or requests for various types of business agreements. After an expression of interest in an offer or a request, community members can engage in negotiations or finalize the existing agreement offer and move forward. This will foster a more robust economy, further driving value to community members by creating increased business opportunities, as well as driving more demand for agreements as these business relationships formalize. PAID’s community-driven DeFi economy will require a system to determine the risk associated with these financial services. In order to provide comprehensive infrastructure, the platform will feature a reputation-based scoring system composed of feedback from the business interactions happening within the PAID economy. Users will submit feedback about their business experiences with others through a publicly-available, peer-to-peer rating and comment system. Lastly, by utilizing the PAID technology described above, such as time-released escrow to secure project funds while projects are delivering on their promises and the self governing arbitration system, PAID looks to redefine the way blockchain projects engage in fundraising agreements with their communities, increasing project accountability and minimizing risk for fundraising participants. By doing so, PAID will further legitimize the blockchain industry through our decentralized, autonomous ICO (DAICO) fundraising platform. This platform will include fundraising requirements, posted by up-and-coming crypto projects. To ensure that the community receives the value they anticipate, these projects will be held accountable to their timelines and deliverables, with the funds raised through the community being released to developing projects in tranches based on their progress. The community of fundraising participants can intervene at any time if they feel the company is not delivering as promised, and request a vote to cease the release of funds. If the vote to cease funding passes, the remaining funds will be distributed back to these participants proportionally, according to the percentage of their original investment.