OATH is a block-based alternative dispute resolution protocol. This is the infrastructure layer between the chain and the dApps. By using a decentralized jury community with a completely new consensus mechanism, Proof of Common Sense, OATH provides a dispute resolution protocol that is strong, fair, transparent and extensible.
OATH acts as a blockchain governance system that provides an effective guarantee for smart contracts. If a party is dissatisfied with a result, resulting in a dispute, there is a third party that has no decentralized conflict of interest to settle the dispute.
The availability of dispute resolution mechanisms increases the reliability of intelligent contracts and provides a reliable protection mechanism for blockchain users. OATH acts as an insurance protocol for dApp users and protects them from unwanted partner behavior. After the start of the OATH-Protocol, the jury of the OATH-Jury will vote on the decision to settle the dispute. The OATH Protocol will greatly enhance the credibility of users and ensure that all contracts are guaranteed by the target system and that in case of dispute the parties have an objective and impartial jury to handle it.
OATH also offers verification of real-world information, which is currently a big problem for the blockchain. As a standard protocol, any dApp using OATH may 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 this information ,
ADVANTAGES PROTOCOL OAT
The main advantages of the protocol are:
Believe - all data is hashed in the blockchain.
Confidentiality - all confidential data of the jury members.
Dynamics - the protocol ensures that various judges solve many cases to avoid collisions and ensure integrity.
Justice - The protocol ensures that random juries are selected on the basis of various factors such as gender, background, age, etc., to ensure objectivity.
Incentives - Mechanisms to motivate and give recognition to jurors.
Autonomy - The parties set rules to which they are bound.
Transparency - The voice of the jury is revealed after the dissolution of the public.
The archive log allows you to save all data in a way that can not be restored in a structured manner.
VALUE OF THE PROTOCOL OATH
Unlike some competitors, OATH is an agnostic blockchain. This means that the success of the OATH protocol does not depend on the success of certain public block chains.
OATH meets the needs of Internet and blockchain-based business relationships. An intelligent contract with a more popular dispute settlement will be necessary in any case. If OATH can build a user-friendly and highly functional product, there is a fair chance that it will be accepted by the market as it is one of the first dispute resolution management solutions.
OATH overview
OATH will complement various harsh contract programming dialects, giving customers the ability to confirm goal setting and understanding of standard claims when creating intelligent contracts or blockchain applications. OATH will also provide a layer framework for dApps with the goal of allowing engineers to coordinate the OATH protocol.
Meanwhile, OATH will also provide an intelligent interface for contract development that significantly reduces the hurdles to using brilliant contracts. By providing a basic contract layout, OATH enhances the ease of use of brilliant contracts in a variety of situations. The layout will combine different applications and normal situations, e.g. Web-based businesses, copyright warranties, OTC exchanges and others. The OATH protocol is combined with the layout and combines the goals of the debate, the payment of support and other related areas. Every single intelligent contract created through an OATH intelligent contract interface is thus anchored by the OATH protocol.
The essence of OATH protects our jury network. They ensure the truth of a brilliant contract that combines the OATH protocol by resolving any possible debate. The OATH jury network will also serve to link news, events and estimates between the blockchain and the current reality.
PRODUCT
From a technical point of view, OATH offers enhancements to existing programming languages and infrastructure layers for intelligent contracts for distributed applications. The developer will be able to integrate OATH as a platform that solves disputes if the parties disagree.
Possible cases of the OATH Protocol include free cryptocurrency purchasing, e-commerce dispute resolution, blockchain-based insurance solutions, blockchain-based leasing commitments, decentralized content platform and social network content management, Oracle discovery results Platforms and Blockchain Governance the Public
PARTNERSHIP
OATH has a number of partnerships with existing blockchain projects. In addition, NEM OATH announced a partnership with QuarkChain, a blockchain with a different approach to the use of shards technology. QuarkChain is currently among the 150 best cryptocurrencies to be valued by market capitalization. OATH plans to use its partner community to attract jury members and increase the strength of their own community.
OATH TOKEN
The total amount of tokens is: 10,000,000,000 ERC-20 tokens (OATH).
The use of tokens is summarized below:
Engagement between participants / grant access to the platform
Internal Currency
Tokens are called as nodes, dispute resolution, and community services.
Oat log team
The OATH team consists of internationally diversified team members.
The OATH advisory team consisted of Jia Tian, a cryptocurrency investor, Huawei Kong, a researcher, Xiahong Lin, an investor and entrepreneur, David Hong, a solicitor, Dafeng Guo, a businessman, Rui Zhang, a solicitor and businessman, Zainan Zhou, Senior Engineer at Google and Annetta Li, Marketing Manager.
CONCLUSION
In general, this project looks interesting. The team has the technical skills 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 for dispute settlement between traditional arbitrators and in a decentralized system, deserves attention.
FOR MORE INFORMATION THAT YOU CAN CHECK HERE
Website: https://oathprotocol.com
Facebook: https://www.facebook.com/oathprotocol
Twitter: https://twitter.com/OathProtocol Media
: https: // medium .com / @ oathprotocol
Authours: Asarab
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