Smart Contracts in Action: The First Vendor Contracts Go On-Chain
Intersect has deployed the first on-chain vendor smart contract, funding a proposal from TxPipe. This marks a significant milestone for Cardano's treasury management, moving from a theoretical framework to practical implementation. The contract holds the approved ada budget in escrow and automates milestone-based payments. This new system ensures transparent, secure, and accountable management of community-approved funds, representing a major step forward for decentralized governance.
