Jury.Online Dispute Resolution Platform Using Smart Contracts Launches Initial ICO Sale Campaign

cryptocurrency18 (42)in #jury-online • 6 years ago (edited)

Smart contracts have become one of the most popular innovations of Blockchain technology. It has been used and adopted in almost all sectors and is used by both small and large organizations. However, no matter how important this technology is, with the automation and implementation of processes, the need to arbitrate arises during conflicts.

To meet this need, the JuryOnline platform project, which promises to be the future of conflict resolution on the Blockchain , was created. We will learn about this project and how it works in this article.

What is JuryOnline project?

Jury.Online is a platform for conflict resolution based on the technology of the Blockchain . As with other conflict resolution platforms, the Jury.Online has one simple goal: to help two parties in a dispute to reach a mutually acceptable agreement.

To do this, Jury.Online uses smart contract technology and a panel of independent jurors. These jurors participate in the dispute resolution process and decide on the dispute, and this decision is recorded in a series of blocks. The result is performed by the smart nodes.

How does the Jury.Online platform work?

Jury.Online uses smart contracts to create a better conflict resolution system. Jury.Online's intelligent contract is built on the technology of Blockchain , so it is neutral and decentralized. The system is based on an open-source protocol and can be integrated with all intelligent contracts with Blockchain .

To use the Jury.Online platform the parties agree on the terms of the transaction. Then, these conditions are placed on the plaque in the form of an intelligent contract. In turn, smart nodes store money in the form of an encrypted digital currency.

After the transaction is successfully executed, the funds are transferred to the receiver. In the event of a dispute between the parties, the transaction shall be modified by a jury of field experts who make the final decision by a majority vote.

Jurors never know the judgments of other jurors - so there is no risk of them being biased to a particular party. Economic stimulus and classification systems require jurors to investigate and resolve disputes fairly and correctly rather than simply pass judgment arbitrarily to earn symbols quickly.

Jurors can also set their own price for their services. The parties know in advance the potential cost of the dispute and then can accurately assess their risks based on those costs. The counterparties may also select jurors who specialize in a particular field related to the transaction.

Rather than being an independent platform, Jury.Online platform aims to integrate with major online markets, including online e-commerce and free business platforms, JuryOnline platform can be integrated with these platforms to provide the best solution for conflicts.

The most important features of the Jury.Online platform:

The Jury.Online platform features the following features:

Neutral Blockchain :

Jury.onlin is an open source protocol that can be implemented in any Blockchain with smart nodes. It works independently.

Fair trial and anti-corruption system:

The jury includes a set of anti-corruption systems. Jurors never know the judgment of other jurors - so that their decisions are not affected by the decisions of others. Jurors also enjoy a system of reputation and economic incentives, which means they are called upon to investigate disputes fairly and correctly rather than arbitrarily passing judgments.

Jury Market:

The Jury.Online platform creates a market for jurors. Jurors can determine their price and communicate with people who need conflict resolution specialists.

Security:

The Jury.Online platform is based on a decentralized and secure process based on the technology of Blockchain .

Jury Suit / Jury:

The dispute party can select jurors by specializing in a particular field related to the transaction.

Integration:

Jury.online provides easy connections with third parties, including online stores and freelance platform platforms.

Details of JOT codes and initial sale campaign ICO :

The initial sale of ICO was launched on February 12 and will last until March 14, 2018.

Select the number of JOT symbols to $ 0.51 per 1 JOT. ETH, BTC, LTC, BTH and ETC are accepted for contributions. Initial participants will receive special discounts - 10% on the first two days of the campaign and 5% on the next two days

For every 7 JOT codes will be sold during the initial ICO sale campaign ICO will generate 3 extra codes. A total of 21 million codes will be allocated for sale, and 9 million will be allocated to the platform.