New Partnership Announcement: Oath x PopulStay
Oath Protocol, a decentralized governance and dispute resolution protocol, has partnered with PopulStay, a blockchain-based home-sharing community, to provide governance and dispute resolution support to the guests and hosts on PopulStay’s platform.
Oath is a blockchain dispute resolution and governance protocol. Modeled on the common law jury system, Oath Protocol allows decentralized peer-to-peer networks to resolve user disputes in a fair and decentralized way through community decisionmaking.
Populstay is a decentralized home sharing and hospitality community, powered by the world’s first keyless blockchain-based smart locks to facilitate seamless home-sharing experience for hosts and guests.
PopulStay is the newest addition to Oath Protocol’s evergrowing partnership network, demonstrating yet another use case for Oath: dispute resolution and governance on home-sharing platforms. If you haven’t yet, please read about Oath’s existing partnerships with Quarkchain, NEM, and UNetwork.
What This Means for the Blockchain Ecosystem
Partnerships within the blockchain ecosystem are crucial to driving user adoption through a shared user community. This particular partnership will allow PopulStay to focus on building it main market offering — a decentralized home sharing and hospitality community — while Oath Protocol will facilitate dispute resolution on its platform to protect the community’s trust and improve user experience.
Here is what OATH and PopulStay founders had to say about this collaboration:
Yin Xu, Co-founder & CEO of Oath Protocol, said:
In the vacation rental and home sharing industry, security is of the utmost importance for all users. At the same time, home sharing platforms face frequent dispute between guests and hosts. To make its community feel secure using the PopulStay platform, it needs an efficient way to facilitate dispute resolution and ecosystem governance.
Oath Protocol, a truly decentralized and efficient dispute resolution and blockchain governance protocol, will provide this service to PopulStay. Home sharing and short-term rental market is a staple among the young generation, and it usually relies on centralized customer service to resolve disputes. In PopulStay’s decentralized ecosystem, Oath will play a key role in protecting all users’ rights in a fair and efficient way.
Walter Wang Yue, Founder & CEO of PopulStay, said:
Oath Protocol is one of the most important partners for us because it provides a solution to the crucial and common problem of party disputes in the home sharing and rental industry.
Through the use of blockchain technology, we aim to build a standard home-sharing community for the next generation. The key idea of PopulStay is to build a smart, reliable, efficient community with autonomous governance. Oath’s values align naturally with ours because Oath is a true decentralized community governance protocol. It will improve user experience and provide additional security protection to our community.
Oath Protocol will build an easy and transparent dispute resolution platform for PopulStay. It will also allow both guests and hosts to join its juror community and participate in dispute resolution across Oath’s partner platforms to build a strong and reliable ecosystem.
The partnership between Oath and PopulStay ensures the best security protection for PopulStay’s users, providing them with a reliable way to resolve disputes and participate in platform governance.