A little introduction
Well, yes, the fact might sound unbelievable but it's true that Jury Online is a dispute platform relying and built up totally on the Blockchain technology. In the late Octobers, the pre-ICO sale is likely to hit the grounds followed up by the crowd sale in the month of November.
Jury Online is one of the best and the accurate medium for bringing in peace. The little magic that it spreads ultimately makes the two disagreed terms to reach a mutual agreement.
This is done by making use of smart contract technology and a panel. The leaders in the panel are the ones participating in the dispute resolution procedure, and make their own decision concerned with the dispute, and the same gets recorded in the Blockchain. Finally, everything following up next is taken care by smart contract.
The basic working of Jury Online
In very simple words, the party agrees to the terms attached to the deal. The deal is later placed into the Blockchain as a smart contract. Then, the money turns to cryptocurrency.
Later, after everything happens successfully, the recipient receives their end of the money. The unresolved disputes are taken care by the expert and senior jury with the help of majority votes.
No jury knows the decision of their next juror, thus, there is no teaming up to be in the majority. The disputes are properly invigilated and taken care with the help of economic and rating motivation to avoid faults and for everything to run fairly and smoothly.
The counterparts have enough knowledge related to a dispute and its cost. Thus, they can estimate the risks based on the same. However, jurors have the authority to decide their price for which they wish to work.
Jury Online makes positive and sincere efforts to team up with major freelance marketplaces online. This is for the smooth flow of dispute resolution.
What advantages are coming along?
The latent and probable advantages' coming all the way with Jury Online includes:
There is no point of worrying in context of "money" as they are safe in the smart contract balance.
There is the security of cryptocurrency ensured at the end of every potential customer.
Regular facilitation of payments that are broken into instalments for the different stages of the project taking place.
There is hardly a chance for the jurors to be wrong on their part as they come from an experienced background.
Hint of features
Blockchain Disbeliever – The open source protocol can be turned up to any Blockchain with the help of smart contract. Thus, the protocol is independent of any underlying technology.
Everything is Fair – There is no denial of the fact that Jury Online has a range of anti-corruption systems. Therefore, no juror can know the idea planted in their neighbour's head and thus, ends the possibility of influencing one another.
Marketplace –There is a marketplace which Jury Online creates for the jurors. This makes the easy flow of connection and with people who want to get in touch with specialists dealing with disputes.
Secure – Since the platform is completely decentralized, everything is secure and is built on Blockchain technology.
Integrity – Interactions with third parties and freelancers are taken proper care and are also offered flexible connections.
The solutions to the problems
- Pricing – Legal services are expensive and so are prelim consultation.
- Timing – The court sessions take a plenty of time to work on a case and get the solution. Jury Online brings the fix.
- Execution – The judgment takes quite a time to process which can happen for a long period of time.
- Entry Fees is exceptionally high.
The Crowdsale
Pre-ICO for JOT tokens is to begin from 23rd October. The Crowdsale will take place after the end date, 3rd November 2017.
The tokens will be available at a discount of 30% during the sale. The minimum purchase amount is 500 JOT. The maximum supply of tokens will be around 30 million with a 20% on all the tokens.
However, for the public, the tokens available are 21 million and the rest 9 million is saved for the creators.
Last words
The only aspect Jury Online wishes to successfully work on is democratizing the dispute world by introducing the necessary platform. Everything becomes easy and feasible in the agreement.
The ends meet the start and dispute resolution mechanism is efficiently looked after by the jurors.
To know more visit:
Website: https://jury.online/
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=2273820