Transactions happen all the time in every corner of the world. When one party is willing to exchange a fee or service for an item or service they desire, and there is a reciprocating party in agreement, some form of contract is entered into. To ensure both parties meet their obligations under the agreement, TravelCoin Foundation will develop TravelCoin Smart Escrow. The Smart Contract on blockchain will act as the impartial 3rd party executing the rules of the transaction of multiple party contracts (2 or more) from all sides. Implementation in the first phase will include travel-related agreements such as insurance and payments.