In a software application scenario, there are two principal parties concerned, the software company or programmer as well as the end user. Escrow applications is a means by which a 3rd party is involved, called an escrow agent, with the responsibility of holding the software’s source code of the software.
Software is composed of code. Developers write the code in an ‘item’ format which in turn gets converted into a ‘source’ format. Finally, this code is translated to ‘machine’ format which is often read by the components, zeros, and ones. Included with all the application program code, is documentation which is done on the entire program.
The source code has significant value for the software because it is the foundation of the software and in its absence, the program is unable to be created and thus ran. This code is not usually sent to the end-user (or customer), but the part delivered typically consist of the executable part only.
To most software developers and programmers, providing the source code is usually not a desirable choice. By sending it to the end user, they are exposing their efforts to anybody in the field that may read the code. The customer can simply supply the code to a 3rd party that may subsequently alter the code or use it to produce something even more complex which will compete, or worse, make the original work out-dated.
This is where escrow computer software brokers come in. These representatives are in charge of saving and managing the source code. Their role is to protect the developer’s technology and the end users.
In cases where the software is extremely expensive or very crucial for business, the software is placed into escrow. But what advantages do the involved parties get from escrow software.
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