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You will understand how funds are secured and released during a licensing transaction. Verro™ Escrow protects both the eyewitness and the newsroom by ensuring funds are available before a licence is granted, and only releasing those funds once the cryptographic transfer is complete.

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Bidding and Locking Funds

When you place a bid on an asset through the Newsroom Terminal, the funds are immediately locked in escrow. Bids must fall within the platform’s strictly enforced bounds of £5.00 to £1,000,000.00. While the funds are locked, the eyewitness receives a guaranteed offer, but they cannot access the capital, and you cannot access the unwatermarked media.

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Atomic Settlement

The settlement process is atomic. When an eyewitness accepts an offer:
  1. The system generates a Digital Deed and anchors it to the blockchain.
  2. The Verro™ Escrow automatically releases the locked funds to the eyewitness.
  3. The Newsroom Terminal unlocks the high-resolution, broadcast-ready asset for the agency.
If a transaction fails at any point before the deed is anchored, the escrow reverses the lock, returning the capital to the agency. The Verro™ Escrow Protocol guarantees transactional fairness for both parties: newsrooms never pay for fraudulent or unverified footage, and eyewitnesses are guaranteed instant payment upon delivering the authenticated camera master.

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2. Atomic Settlement Function (Escrow Execution Protocol)

When an offer is accepted by the creator, the PostgreSQL RPC function Escrow Execution Protocol executes an atomic transaction:
  1. State Validation: Checks that the offer status is pending and the time lock has not expired (now() < expires_at).
  2. License Grant: Generates a record in License Registry binding the newsroom identity to commercial broadcast usage.
  3. Deed Minting: Issues a Verro™ Digital Deed containing the SHA-256 master hash and Base L2 ledger reference.
  4. Fund Disbursement: Transitions creator balance in Settlement Ledger to available for immediate Secure Settlement Gateway.