PAID Network is a comprehensive business toolkit that meets all business transaction needs. Traditional legal contract systems require participants to hire legal advisers and use lengthy and complex contracts filled with incomprehensible legal jargon. PAID's smart agreements are simplified business contracts written in an easy-to-understand language, signed on the chain and traded by both parties.

To support this process, escrow, insurance, dispute arbitration and resolution mechanisms have been developed to handle disputes. Escrow acts as an intermediate store of value that reduces transaction risk between the parties, while insurance allows either party to insure against default on its contract. In the event of a dispute, three arbitrators will be selected at random from the community. The arbitrator gets the right to arbitrate by betting on paid tokens. Chainlink's random number generator is the mechanism for selecting arbitrators. In addition, biometric reputation scoring prevents bad actors from creating new accounts to defraud future business contacts and allows other business contacts to view other people's transaction histories and feedback.

In addition to the above features, PAID also utilizes DeFi tools such as borrowings, loans, and insurance pools. Fee-paying holders can deposit tokens into a liquidity pool for loans and insurance, as well as apply for loans for their businesses, which are vetted by applicants through a reputation scoring system. Finally, PAID also uses the DAICO model to organize and collect investments for new projects. New blockchain projects are monitored and measured against their project roadmap and are accountable to investors, which is not seen in traditional ICOs. If a project falls far short of what was promised to investors, those investors can get a refund from their respective companies. This risk mitigation strategy reduces overall risk for investors and forces new projects to be better prepared.