The importance of escrow for a tech service provider

    Must read

    Amazon’s Alexa For Residential Is Powering Apartments!

    Amazon has announced Alexa for Residential, which is a service for property managers. This will allow them to configure and arrange Alexa...

    Apple One steps up in the bundle battle

    In the latest presentation, Apple revealed the slew of new products like Apple Watches series 6, Apple Watch SE, iPad Air, and...

    Guess What Happened After Start-Up Astra Launched Its Rocket In Alaska!

    The first orbital mission by start-up Astra failed as their Rocket 3.1 couldn’t reach the orbit. The rocket...

    Microsoft Launches Deepfake Detection Tool Ahead of US Elections

    Microsoft’s Deepfake Detection tool - Heard about this? If not all, then be ready to dive deep into it in the quick...
    The importance of escrow for a tech service provider 3
    Hi there! I'm +Sreejesh and I am an internet enthusiast. I started writing on this blog as a hobby, now full time blogger. In this blog, I cover topics about blogging, and how to make money online, and also some interesting techy news, tips and tutorials. Checkout archives

    When it comes to providing many forms of technology, such as services, escrow can prove invaluable. It’s a simple argument: when dealing with licensed services, virtually everyone is looking to protect themselves against any risk.

    Escrow, to put it simply, is just useful at both ends of the deal. For customers, it encourages trust and commitment, while providers can use it to show they are serious about their product. As a tech service provider, it’s likely you fall into both categories: on one hand, you have customers to provide your own digital services to but, at the same time it’s likely there are certain pieces of software you yourself might depend on.

    escrow agent

    Proactive Protection

    While escrow is used to offer a quick resolution in disputes over software as a service, its instant benefit is much more proactive. Using such a service puts the provider at risk of losing their code if they fail to meet their end of the software as a service agreement and, when the actual software itself is on the line, there is little else that compares in pure motivation to provide a working product.

    For a tech service provider, this offers the exact image you want. It suggests you are capable of delivering and, as such, are even willing to put your material on the line. Doing so demonstrates confidence to customers, which is never a bad thing to have associated with your name and service.

    How do I know it’s the real code?

    Of course, the one problem with escrow is that you can’t access what’s inside when you want to. It’s one to have the code put in there, but how do you know it’s the actual source code that you need?

    Well, since you can’t access the code you should rely on the only party that can do so and remain honest at the same time – not all agencies provide such services but some, such as NCC Group, specialise in it.

    Typically, this process will come in the form of a detailed report, confirming that the relevant scripts and pieces of code are there – it’s one thing to know most of it is there but ‘most’ won’t provide a working product.

    Instead, some agencies actually test the code, building up from the code alone, detailing their  findings into a comprehensive report. Not only does this verify the end result of the code available for escrow, thus validating the account, it provides instructions.

    Should you ever acquire this code, this document will subsequently prove invaluable to your IT department or expertise.


    Secure Your Internet With The Exclusive Hacker-Proof Quantum Internet

    Everyone dreams of being 100% sure about the Internet is safe. Unfortunately, the Internet like any other entity is prone to various...

    The ultimate guide to REMPL FOLDER.

    What is Rempl Folder? Windows 10 Updates wield certain Files and Folders to guarantee that any updates launched by...

    Kindle Vs Nook – Don’t Buy Without Reading This Comparison

    Kindle vs Nook? This is a common question that is marking a steady ground in the minds of the e-readers for whom,...

    Guess What Happened After Start-Up Astra Launched Its Rocket In Alaska!

    The first orbital mission by start-up Astra failed as their Rocket 3.1 couldn’t reach the orbit. The rocket...

    Internet Urge! Remote Schooling Out Of Reach For Many Students

    Internet-dependent teaching or online education is the only key to the right education for students of all ages, while the pandemic is...

    More Like This