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RE: Introducing Jury.Online and the (JOT) Token | The Future of Dispute Resolution

in #introduceyourself7 years ago

When two or more counterparties wish to issue The deals are executed via smart contract operation. Counterparties of the deal agree to the terms of the deal, then deposit funds to the smart contract of the deal and afterward fulfill their obligations. In case of dissatisfaction of any party due non-compliance with the commitments, the deal can be revised by a panel of so-called anonymous “jurors”, delivering judgment in favor of one of the parties.

The Jurors for dispute resolution are randomly selected by a secure random number generator operating via smart contract. They are grouped into pools based on their specialization, e.g. pool for disputes in the IT field, graphic design, etc