a DAC providing an escrow service.
It could function in two ways:
The client is launched along with a new cryptocurrency called EscrowShares.
People would mine escrow shares, which are the only means of using the service. Thus, hopefully the value of escrow shares will increase as the service gets used.
Customer will pay Merchant using EscrowShares for delivery of a product but the EscrowShares are first held by the network. Upon receiving the product Customer sends a signal to the network that releases the EscrowShares to Merchant.
A percentage of the transaction is taken by the network as payment for the service. This percentage is then distributed among EscrowShare holders and miners.
The DAC makes use of bitcoin for transactions.
Customer uses Escrow, DAC to send bitcoins to Merchant, but the bitcoins are first held on the bitcoin network by Escrow, DAC.
The DAC creates new bitcoin public and private keys for each escrow transaction and holds the bitcoin received from the customer on this address.
Once the customer receives the product from the merchant, the customer sends a signal to the Escrow, DAC network and the bitcoin is released to the Merchant.
A small percentage of the transaction is taken (in the form of bitcoin), and is distributed among persons running the client (which is needed to secure the network and process transactions).
Hope the community finds this interesting and I look forward to hearing your thoughts.
Together we could turn this rough idea into something cool and useful.