[ncc-services-wg] RIPE NCC as escrow

At 18:55 17/12/2015 +0200, Max Tulyev wrote:

I would be in favor of this proposal if RIPE NCC gets to keep 10% of all 
monies transferred and this money would be used strictly to lower the 
yearly membership fees.

-Hank



>Hello All!
>
>I would like to ask (and may be start a policy proposal) either RIPE NCC
>has or plan to implement the escrow service for members?
>
>People from a lot of countries and companies buy and sell IPv4 address
>space now. As the price of that resource is high, cost of that deals
>raise to millions of Euros. So it is a bit scare and even danger to send
>some millions to some unknown company in doubtful place.
>
>Why RIPE NCC?
>1. RIPE NCC is exactly that entity who do (or reject to do) the IPv4
>transfer. Tha't the main point. RIPE NCC hostmasters using RIPE rules
>evaluate the request and papers for IP transfer. Most of all escrow
>companies don't even know what IP address is, and who is wrong or right
>in potential conflict based on IP transfer.
>2. RIPE NCC itself has enough financial resources to garant that type of
>deals, even if this is several millions of Euros.
>3. Unlike any other escrow agencies, RIPE NCC has maximum level of trust
>at both buying and selling IPv4 parties.
>
>How it can be realised?
>1. Both parties agrees use RIPE NCC as escrow.
>2. (optional) RIPE NCC pre-evaluate transfer request to find common
>mistakes or problems, like 24-month ban for transfer of already
>transferred resources, etc.
>3. If all seems good for the first view, Buyer sends money to RIPE NCC.
>4. RIPE NCC receives money and informs seller about it, and exact amount
>of money was received.
>5. Buyer and Seller signs transfer contract and RIPE NCC hostmasters
>start to evaluate a transfer request.
>6. If transfer fails for any reason (no signed contract, bad papers,
>etc), RIPE NCC returns payment to the Buyer. If transfer went good, RIPE
>NCC releases money to the Seller.
>
>I believe all members trade their IP resources will be happy to have
>that service! ;)