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OATH Protocol - Blockchain Dispute Resolution & Governance Protocol

OATH Protocol - Blockchain Dispute Resolution & Governance Protocol
Wednesday 6 February 2019

 Every day we consider a huge number of blockchain applications, platforms and resources. Each of these projects has its own goal, someone solves the problem with the environment, someone aims to help Pets, someone offers us tools to improve the quality of our life with you. There are many projects and most of them use smart contracts for the reliability of their operations.
But as it turns out, not all contracts are drawn up correctly and can help to resolve a dispute between the two sides. For clarity, I propose to consider a few examples of this situation:
1. The user has purchased through a decentralized e-Commerce application some goods, having considered it more carefully, he discovers the defect and reports it to the seller. That, in turn, responds that the goods when shipment was in good condition and that the condition does not concern him. The question of how to resolve the dispute, who owes what to whom? Incomprehensibly.
2. The second case also takes place. For example, you have booked accommodation through the blockchain app for a few days. But after your rental period is over the landlord detects a malfunction of the TV. Of course he wants you to compensate him for the damage, and you thus claim that did not use his TV. And again there is a question how to solve this dispute? And who owes what to whom?
And such situations can arise just a huge set, as projects every day is becoming more and not each of them has a special support service, which considers all these controversial issues. However, do not worry ahead of time, as my today's review is dedicated to such a project, which will take on the responsibility to resolve various disputes in decentralized applications.

About the project

This project is called - OATH and its mission is to resolve all kinds of disputes between users in Dapps applications.
That is, the OATH project itself is a blockchain platform with its infrastructure, where the jury community is gathered for a fair and transparent dispute resolution. This platform simply becomes a third independent party in resolving conflicts between the two sides. And thanks to the reliable and transparent mechanisms of its application, OATH is able to fairly protect the interests of the parties, and increase the level of reliability of the smart contract.

Design feature

The process of disputes will be considered by the jury, which will pass a verdict by voting in the resolution of disputes. The Protocol itself, on which the OATH is based, contains an objective system of views, excluding the biased judgment of one or another party.
And in order to make it easier for the jury to pass their verdict, they have every right to ask the conflicting parties for additional information about them from real life in order to create a complete picture of what is happening.

Conveniences

The infrastructure of the OATH is designed so that all developers Dapps will have the opportunity to integrate the expansion of smart contracts that contain the Protocol OATH.
To do this, the founders of OATH have developed several options for smart contracts, each of which is a template suitable for solving typical situations in e-Commerce, OTC transactions, copyright protection and others.

Who is a member of the jury?

Developers OATH did not come up with a bike, and decided to take a working scheme of the jury in the Anglo-American system of law. That is, the jury consists of 12 adult jurors, each of whom is chosen at random without having any professional skills and knowledge.
Their work they will perform by common sense and understanding of the situation through the provided arguments and facts. The use of random selection of the jury is not accidental, this method allows you to look at different age, sex and profession on the same situation from different angles, and therefore fairly make the final verdict.

The details of the ICO

In order to use the service from OATH, the user must pay a small amount in tokens (OATH). In total, 10 billion coins will be issued, all of them represent the ERC-20 standard. The cost of 1 OATH = 0.005 USD. In total, the developers intend to collect Hard Cap in the amount of 10,000,000 USD.
The distribution of tokens is as follows:

Conclusion

Expressing my own opinion about this project, I want to note that the situation and the problem that I have described to you and the developers of the project is really very relevant. Solutions to this problem is not enough, so the OATH with his idea has every right to be and to carry out the activities of which States. I think that the presence of such a project as OATH will make the world of crypto-currencies and Dapps applications even better. And the presence of numerous partnerships once again confirms the relevance and relevance of this offer in the market.

And for those to whom this topic has shown a very interesting and he would like to deal with its features in more detail, I propose to study the technical documentation of the project and all its official, social and media resources. Therefore, for your convenience, I have already prepared all the necessary links that you will find at the end of my review.

Official resources of the OATH Protocol project:



AUTHORSHIP:
GPScrypto

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