OATH

Kolbakpute

OATH

blockchain based alternative dispute resolution protocol

OATH is a blockchain based alternative dispute resolution protocol. This is the infrastructure layer between the chain and dApps. By using a decentralized jury community with a complete new consensus mechanism, Proof of Common sense, OATH provides a dispute resolution protocol that is strong, fair, transparent and expandable.

OATH functions as a blockchain governance system that provides an effective guarantee for smart contracts. If one party is dissatisfied with an outcome, resulting in a dispute, there will be a third party that is decentralized without a conflict of interest to resolve the dispute.

The availability of dispute resolution mechanisms increases the reliability of smart contracts and provides a reliable protection mechanism for blockchain users. OATH acts as an insurance protocol for dApp users, protecting them from unwanted partner behavior. After the OATH protocol is started, the OATH jury community will vote on the decision to resolve the dispute. The OATH protocol will greatly enhance the credibility of users and ensure that all contracts are guaranteed by the objective system and that, in the event of a dispute, the parties have an objective and impartial jury handling it.

OATH can also provide verification of real-world information, which is currently a big problem for the blockchain. As a standard protocol, every dApp that uses OATH can request any kind of real-world information from our jury community, our judges will provide information, and other jury communities will vote to verify the authenticity and accuracy of that information.

ADVANTAGES PROTOCOL OAT

The main advantages of the protocol include:

Believe – all data hashed on the blockchain.
Confidentiality – all confidential data of jury members.
Dynamicity – the protocol will ensure that different judges will solve many cases to avoid collisions and ensure integrity.
Justice – the protocol will ensure the selection of random juries based on various factors such as gender, background, age, etc. to have full objectivity.
Incentives – mechanisms to motivate jurors to participate and give credit to them.
Autonomy – the parties set rules to which they will be bound.
Transparency – the jury’s voice is revealed to the public after the resolution.
Archive – protocol allows storing all data in a way that cannot be recovered in a structured manner.

VALUE OF PROTOCOL OATH

Unlike some competitors, OATH is a blockchain agnostic. This means the success of the OATH protocol does not depend on the success of certain public blockchain.

OATH serves the needs that arise based on the appearance of internet values and blockchain-based business relationships. Having a smart contract getting a more popular dispute resolution will definitely become necessary. If OATH can build a user-friendly and highly functional product, there is a good chance that the market will adopt it given the fact that it is one of the first dispute management solutions.

OATH overview

OATH will add to various dialects of sharp contract programming, allowing clients to acknowledge to debate setting goals and understanding default claims when compiling smart contracts or blockchain applications. OATH will also provide a layer framework for dApps with the aim that engineers can specifically coordinate the OATH protocol.

Meanwhile, OATH will also provide an intelligent contract development interface that will greatly reduce the barriers to utilizing brilliant contracts. By providing a basic contract layout, OATH will increase the ease of use of brilliant contracts in various situations. The layout will combine various applications and normal situations, for example, web-based businesses, copyright guarantees, OTC exchanges, and others. The OATH protocol will be combined with the layout and combine the objectives of the debate, pay for assistance, and other related fields. Every single smart contract that is compiled through an OATH intelligent contract interface is consequently anchored by the OATH protocol.

The essence of OATH protects our jury network. They secure the truth of a brilliant contract that combines the OATH protocol by resolving every potential debate. The OATH jury network will also function to link news, events, and estimates between the blockchain and current reality.

PRODUCT

From a technical perspective, OATH provides extensions to existing smart contract programming languages and infrastructure layers for decentralized applications. The developer will be able to integrate OATH as a platform that will resolve disputes if the contract parties do not agree.

Potential cases of using the OATH protocol include free-sale cryptocurrency trading, e-commerce dispute resolution, blockchain-powered insurance solutions, assignment of obligations for blockchain-based lease agreements, content management for decentralized content platforms and social networks, determination of results for oracle platforms and blockchain governance public.

PARTNERSHIP

OATH is able to present a number of partnerships with existing blockchain projects. In addition, NEM OATH also announced a partnership with QuarkChain, a blockchain with a different approach to using sharding technology. QuarkChain is currently among the top 150 cryptocurrency which is valued by market capitalization. OATH plans to utilize their community of partners to recruit jury members and to increase the strength of their own community.

OATH TOKEN

The total supply of tokens is: 10,000,000,000 ERC-20 tokens (OATH).

The use of tokens is summarized below:

Engagement between participants / granting access to the platform
Internal currency

Tokens are obtained as nodes, dispute resolution, and community services.

OAT PROTOCOL TEAM

The OATH team consists of internationally diversified team members.

The OATH advisory team included Jia Tian, a cryptocurrency investor, Huawei Kong, a researcher, Xiahong Lin, an investor and entrepreneur, David Hong, a lawyer, Dafeng Guo, a businessman, Rui Zhang, a lawyer and businessman, Zainan Zhou, Senior Engineer at Google, and Annetta Li, a marketing manager.

CONCLUSION

In general, this project looks interesting. The team has the technical skills needed to implement the product. We see smart money support. The product idea itself is very interesting. A decentralized dispute resolution system, which can be used both as a way to resolve disputes between traditional subjects in arbitration and in a decentralized system, deserves attention.

FURTHER INFORMATION, YOU CAN CHECK HERE

Website: https://oathprotocol.com

Facebook: https://www.facebook.com/oathprotocol

Twitter: https://twitter.com/OathProtocol

Medium: https: // medium .com / @ oathprotocol

Whitepaper: https://www.oathprotocol.com/files/OATH-Whitepaper-EN.pdf

Author: Kolbakpute

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