Blockchain is one of the most advanced technologies in the world. Perhaps this technology will be able to become one of the best inventions of mankind. Blockchain gives people many advantages, so many organizations have begun to introduce this technology into their activities. The number of projects and platforms implementing this technology is constantly growing. Each project is aimed at solving important problems of society in the field of health care, data protection, e-Commerce, charity, gambling and others. To ensure high safety, projects use smart contracts.
However, smart contracts in some cases can not resolve the dispute if they are incorrectly drawn up. Very often there may be disputes that smart contracts are not able to solve correctly. For example, a user can buy a product on the platform on the Internet and find that it does not match the quality. The user addresses the issue to the seller who claims to have shipped the item in perfect condition. It is not clear who is right in this situation. An unpleasant situation can also arise if you have rented a car through the blockchain platform. At the end of the lease, the landlord can detect a breakdown of the audio system, although you have not used this equipment.
There are many examples of such disputable situations. Now the number of such disputes is only growing, because the number of blockchain platforms is growing. To solve all of the above problems and take responsibility for resolving disputes in decentralized applications, the specialists developed the OATH project.
OATH is a blockchain platform that will resolve disputes between users in decentralized applications. The platform will have its own infrastructure, where the jury will fairly solve disputes. The platform will be an independent party in resolving disputes between two people. Smart contracts will become more fair and reliable, because the platform will use a transparent mechanism that protects the interests of people.
The jury will consider the conflict and make a decision by voting. The platform will work on the basis of a special Protocol that will objectively assess each situation. Members of the jury will have the right to request additional information for a fair resolution of the dispute.
OATH is designed so that the creators of decentralized applications can integrate smart contracts that contain a special project Protocol. The project developers have created different versions of smart contracts, which are some templates for resolving disputes in the field of e-Commerce, copyright protection, OTC transactions and other issues.
The project will use a working method from the Anglo-American system of law. The jury is chosen from ordinary people and consists of 12 people who do not have special knowledge. They will decide the dispute absolutely fairly, taking into account all the arguments of the parties. Random selection of the jury members is explained by the fact that people of different age, sex, profession will be able to look at the dispute from different angles and make a fair decision.
The main means of payment on the platform will be the OATH token. A total of 10.000.000.000 tokens will be issued, which are based on the Ethereum platform. The cost of one coin will be $0.005. Hard cap project is $ 10 million.
I believe that the project will be able to attract a large audience, because it provides an opportunity to fairly resolve disputes between the parties to the conflict. With the development of the Internet and blockchain technology such controversial points will be more, so the project is very valuable. OATH deserves the attention of investors and has already started to cooperate with many well-known companies.
More information you can find on these links:
WEBSITE: https://oathprotocol.com/en/
TELEGRAM: https://t.me/oathsio
WHITEPAPER: https://oaths.io/files/OATH-Whitepaper-EN.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5039931.0
FACEBOOK: https://www.facebook.com/oathprotocol/
TWITTER: https://www.facebook.com/oathprotocol/
MEDIUM: https://medium.com/@oathprotocol
REDDIT: https://www.reddit.com/r/OathProtocol/
INSTAGRAM: https://www.instagram.com/oathprotocol/
LINKEDIN: https://www.linkedin.com/company/OathProtocol
GITHUB: http://https//github.com/OathsIO
AUTHORSHIP:
Bitcointalk username: ressel
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1992083
My etherium address: 0xd5cdf2afA707A13E525EcC394cD7a20216E91873
Uniqueness 100%: https://text.ru/antiplagiat/5c63a1a2f4141