If we continue to discuss technological sophistication that continues to grow as it is today, it will never run out. Because experts from all parts continue to develop their work without knowing the word stop. This is the same as a project called OATH: An alternative Blockchain based dispute resolution protocol, which you can find at https://www.oathprotocol.com/en/. This project offers many features in its products. Let's Check Out the Reviews Below:
Introduction
While some disputes can be resolved in a friendly manner through a process that discusses (negotiation, conciliation, agreement, etc.), most of the others require a legal process (trial) to achieve justice. However, the test is worth it without their own tail. Settlement in court may take time before a decision is made, and costs for professional approval, and in the case of the second compilation of debates, the problem of corruption and the delay in the timing of justice.
Aristotle once said, "he who controls the court controls the state". This is a fact that proves the legal system is centralized, and individuals are powerful. Such a system can be compromised by corruption and injustice in the legal process.
Finally, the number of small businesses is increasing rapidly. Unlike large companies, they can make big profits. If there are very few disputes, what methods will be adopted to avoid costs, corruption, and time improvements related to the modern legal system?
In this article, we will look at the full-on Sumpah, a platform that was removed with a blockchain that uses the transparent nature of the blockchain, combined with intellectual contracts and a jury system that supports looking for efficient, reliable, motivated, and cannot be used to improve financial disputes.
What is the OATH?
OATH is the second level blockchain protocol that resolves disputes on the public blockchain. In essence, this is a management decision based on a jury's decision, which is formed from a decentralized community. The identity of the jury remains hidden. The composition of the judges for this dispute is random. The jury must choose independently, based on the evidence presented in the smart contract. The characteristics and number of jury members can be agreed upon by the parties in the contract. OATH will get money from the settlement of disputes and direct a portion of this income to jury members. OATH is a solution that takes effect every time the code written in a smart contract is not enough to reach a consensus among market participants
OATH includes official documents, one-pager with protocol summaries for less technical investors and active blogs based on Medium, where updates are presented. The OATH team received investment from a number of investment funds oriented to the blockchain and successfully negotiated partnership agreements with NEM, which made it the standard dispute resolution protocol for NEM. NEM is one of the 20 leading cryptocurrency, measured by market capitalization. In addition, OATH has received several high-level press publications in recognized financial media such as Yahoo Finance or newsbtc.com. It is hoped that the OATH MVP will be launched in early 2019.
From a technical perspective, OATH provides extensions to existing programming languages for smart contracts and infrastructure levels for decentralized applications. The developer will be able to integrate the OATH as a platform that will resolve disputes if there are disagreements between the parties in the contract.
Possible uses of the OATH protocol include over-the-counter cryptocurrency trading, dispute resolution in e-commerce, blockchain insurance solutions, determining responsibility for blockchain based leasing contracts, content management for decentralized content platforms and social networks, determining results for Oracle platforms and government blockchain control.
Weaknesses and threats
OATH is not the only dispute resolution protocol. Kleros is an alternative solution for resolving disputes based on blockchain. Tim Kleros has been in space for years and was recently featured in the episode Epicenter.tv 250, where he presented the team and the concept. OATH has no significant difference compared to Kleros in the basic dispute resolution model.
OATH seeks to serve a large number of use cases. Although he could compete with Kleros for traditional dispute resolution, he would compete with Augur when it came to checking the results of the Oracle service. At the same time, he will compete with Aragon to provide a better solution for managing the country chain. This represents a large number of use cases that are very different from each other. It will be difficult for an OATH to provide products that can serve all of these use cases very well. On the other hand, no competitor has reached a dominant position. In addition, OATH may not need to be the best platform in every market it serves to become a growing dispute resolution protocol.
OATH, unlike some competitors, does not depend on the blockchain. This means that the success of the OATH protocol does not depend on the success of certain public block chains.
OATH fulfils the needs arising from the emergence of value-based and value chain-based business relationships on the Internet. When smart contracts become more popular, dispute resolution will definitely emerge. If OATH can create a comfortable and highly functional product, there is a high probability that the market will take it, given the fact that this is one of the first dispute resolution decisions.
OATH is able to present a number of partnerships with existing blockchain projects. Besides NEM, OATH also announced a partnership with QuarkChain, a blockchain with a special approach to using sharding technology.
QuarkChain is currently ranked among the top 150 cryptocurrencies which are rated by market capitalization. OATH plans to use its community of partners to recruit jury members and strengthen their own strengths.
OATH Token
OATH tokens are the platform's internal currency and are issued as ERC-20 tokens. Users can obtain OATH tokens to resolve disputes on the platform, to run nodes, and to provide community services. Only jury members will choose correctly when the majority chooses, the token will be given. This stimulating model is comparable with Augur. Market capitalization and prosperity of tokens will depend on how many OATH decentralized applications will use to resolve disputes on the platform.
Token details
- Token: OATH
- Platform: Ethereum
- Token type: ERC20
- Available for sale: 3,000,000,000 OATH (30%)
- ICO Price: 1 OATH = 0.005 USD
- Soft cap: 2000000 USD
- Hard cap: 10000000 USD
- ICO Time: 01 Feb 2019 - 30 Apr 2019
- White List / KYC: KYC
- Country: US
Our team
Conclusion
OATH fulfils the needs arising from the emergence of value-based and value chain-based business relationships on the Internet. When smart contracts become more popular, dispute resolution will definitely emerge. If OATH can create a comfortable and highly functional product, there is a high probability that the market will take it, given the fact that this is one of the first dispute resolution decisions. OATH is able to present a number of partnerships with existing blockchain projects. Besides NEM, OATH also announced a partnership with QuarkChain, a blockchain with a special approach to using sharding technology.
QuarkChain is currently ranked among the top 150 cryptocurrencies which are rated by market capitalization. OATH plans to use its community of partners to recruit jury members and strengthen their own strengths.
More Information About OATH, Please Click Below:
- Website: https://oathprotocol.com/en/
- Whitepaper: https://oathprotocol.com/files/OATH-Whitepaper-EN.pdf
- Ann Thread: https://bitcointalk.org/index.php?topic=5090019
- Bounty Thread: https://bitcointalk.org/index.php?topic=5090019.0
- Telegram: https://t.me/oathsio
- Facebook: https://www.facebook.com/oathprotocol/
- Twitter: https://twitter.com/OathProtocol
Author: Tasya Nabilla
ETH: 0x5D18c94812D17a1Bf1CBe43b30585a3BEBf56b9d
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