OATH — Blockchain Technology become Dispute Resolution System in Future

Nowadays, an increasing number of people are concerned about whether or not Blockchain technology could be applied to other sections. The concern is legitimate because most of us think that Blockchain technology is only for Cryptocurrency. To answer the concern, I have searched the information on the Internet for many hours and the answer seems to be clear. In my view, OATH — Blockchain Technology could become Dispute Resolution System in Future.

Firstly, let’s find out what is OATH!? OATH is a token based on Ethereum platform. The model of OATH’s dispute resolution protocol which exploits blockchain technology, cryptographic algorithms, and randomized algorithms is on the common-law jury system. OATH protocol accompanies to categories and attributes, jurors’ credit level, and case-tracking technology. DApp users’ rights and assets would be comprehensively protected by the public chain-agnostic protocol that is well matched with any public chain or dApps through APIs.

Secondly, let’s find out how does OATH work!? Dispute resolution and administration solution for the blockchain ecosystem are provided by a security layer developed by OATH team. Many people think that “Code is Law”, but OATH team believes that Common Consensus is the actual law. In my opinion, I totally agree with this ideal. Common Consensus can focus on a much wider and flexible range of prospective disputes that are unable to be unpredictable, on the contrary, Code may only solve obvious problems that are identified by input parameters. Launching a powerful, fair and decentralized standard dispute resolution protocol which can be used by both public chains and dApps to help everyone quickly make the decision is the strategic vision of OATH team.

Now to someone reading this, they may ask “Is that so? Why should I trust in OATH?”. Let discuss Blockchain Security, it includes two different components: Technology and Administration. Some terminology like “anti-hacking” or “code review” have mentioned a lot on means of communications when we read about blockchain security. However, every user needs Blockchain Administration from time to time if it is really important. That is why OATH protocol promotes people from different communities to attend and become part of their OATH Jury to grow up chain administration system and dApp dispute resolution. I believe that these are excellent attributes that you should take notice in OATH project:

TRUST: All important data, for example, contracts and evidence, is stored into the blockchain. It cannot edit and delete.
CONFIDENTIALITY: OATH’s user information is encrypted by cryptographic algorithms to make certain that they are protected against external impact.
DYNAMICITY: To avoid connivance, OATH’s dynamic allocation algorithm is deployed to reduce the odds of the same jury users solving numerous disputes.
FAIRNESS: To reduce bias, OATY’s categorized random algorithm is developed to choose the right jurors to ensure equity.
INCENTIVE: To rate and promote the jurors, OATH provides the credit level system and reward mechanism.
AUTONOMY: Settlement of disputes can be set by both parties to the contract.
TRANSPARENCY: the last judgment will be revealed publicly to the community including the jury’s votes and stated reasons.
ARCHIVE: OATH Chain plays as a storehouse to keep contracts as well as dispute resolution results in safe.

Thanks for paying attention to my article, if you are keen on OATH project, please visit their web page https://oathprotocol.com, you may figure out some interesting things.

Besides, they are now running Airdrop campaign, you need to register to be a juror, pass KYC verification, join their Telegram group, Telegram channel and then complete this airdrop form to easily claim your first 700 OATHs. Here is my referral link https://oathprotocol.com/r/KAJYV/ and non-ref link https://oathprotocol.com/jury