OATH Protocol wants to build an analog of a decentralized dispute resolution system modeling the common-juror system. In their view, this will solve the solution to the blockchain governance problem.
OATH Protocol wants to provide a solution to the Blockchain Governance system.
In order to do this the company plans to:
- increase the usability of smart contracts by providing an easy to use user-friendly smart contract creation tool
- creating a decentralized jury community, comprised of members with diverse backgrounds and areas of expertise
- invites users from all communities to not only provide governance for the dApp they support but also for other ecosystems.
The protocol’s main advantages include:
- Trust – all data is hashed on a blockchain.
- Confidentiality – all jury members data of confidential.
- Dynamicity – protocol will ensure that different jurors will be resolving multiple cases to avoid a collision and ensure the integrity.
- Fairness – protocol will ensure random jurors selection based on a variety of factors as gender, background, age, etc. to have full objectivity.
- Incentive – a mechanism to motivate jurors for participating and assign them credit.
- Autonomy – parties mutually set rules that they would be bound by.
- Transparency – jury votes are disclosed to the community after resolution.
- Archive – protocol allows keeping all data in a structured irrecoverable way.
Use cases include, but are not limited to, the following:
- E-commerce, which involves a variety of disputes, such as quality problems, missing pieces, broken product, etc. OATH jury will resolve each dispute based on user-provided testimony.
- OTC trade of digital assets.
- Disputes involving decentralized property rent.
- Decentralized moderation.
- Oracle for betting.
- public chain governance.
So basically OATH is a decentralized agnostic protocol that offers a solution to of decentralized governance to all blockchains and Dapps.
Blockchain architecture is highlighted below:
OATH Protocol is an agnostic blockchain which may be integrated into other Daps and public chains.
The chain contains two main files:
- Case ledger, which includes all information such as contracts, verdicts, voting reasons, selected jurors.
- IPFS (InterPlanetary File System), which is a network designed to create a content-addressable, peer-to-peer method of storing and sharing hypermedia in a distributed file system. It replaces traditional domain names with content addresses so that users don’t have to consider names and paths of file storage.
Token
The total token supply is: 10,000,000,000 ERC-20 tokens (OATH).
Token use is summarized below:
- Engagement…