Multi-step home service call using BOB tokens on the Bob's Repair smart contract escrow service BobsRepair.com Follow Jun 19, 2018 · 5 min read

Summary

Bob’s Repair is excited to share that we have completed our 2nd job on the blockchain! This is a multi-step (multi-milestone) job. By separating the job into multiple parts, we are able to assure the contractor that his funds will be paid out to him, and assure the customer that the work will be finished to his pleasing.

Posting a Job to the Blockchain

For this job, our team member, Chad Fosburg, needed one of his bedrooms transformed into a nursery, as he is expecting a baby. He hired Andreas, a contractor, to do this job, using the Bob's Repair network. This job consisted of custom molding design and installation, custom shelf design and installation, hanging a large mirror and other minor items.

Chad publishing the job contract to the Blockchain: https://etherscan.io/tx/0x929d97f93f052f24182fc55cd75b9e4fb39be41e8625c34a1021a2a6e01a86b4

Cost of the Job

The contractor, Andreas, charged Chad $150 USD for parts plus $250 USD for labor. The customer was charged $250 dollars for the labor and the equivalent amount of BOB tokens was allocated to the job, approximately 1785 BOB tokens at the price of $0.14 per token. The price was exceptionally reasonable for the amount of work he was getting done.

The contractor was also happy because he knew that once he finished the project he would get $250 that he would not have to split with any advertising agency or employer. If he were to do this job in the traditional manner, working for a large company, it is likely that he would have to charge Chad more due to advertising costs and that he, the contractor, would only get to keep approximately half of this amount, due to an employer keeping a large margin of the job cost.

Included in the price, Andreas spray painted the wall molding, touched up the wall paint, measured out and put together custom shelving, hung up a large mirror, and installed some pictures.

Before Photos: