OATH

ABOUT OATH

Oath Dispute Resolution Protocol New Era of the Community GovernanceLayer 2 System Plug and PlayADR based on Blockchain Techno. OATH’s dispute resolution protocol is sculptural on the unwritten legal system and utilizes blockchain, cryptanalytic algorithms, random algorithms related to classes and attributes, jurors’ credit level, and case-tracking technology. OATH is building a suburbanised, standard, and protractile public chain-agnostic protocol that protects dApp users’ rights and assets.

OATH is a second-level blockchain protocol that resolves disputes in public blockchains. In essence, this is a management decision based on a jury decision, which is formed from a decentralized community. The identity of the jury remains hidden. The composition of the jury for this dispute is random. The jury must vote independently, based on the evidence presented in a smart contract. The characteristics and number of jurors can be agreed by the parties to the contract. OATH will earn money on dispute resolution and direct part of this income to the jury members. OATH is a solution that will be applied whenever the code written in smart contracts is not enough to reach consensus among market participants.
OATH is building a suburbanised, standard, and protractile public chain-agnostic protocol that protects dApp users’ rights and assets. OATH’s dispute resolution protocol is sculptural on the unwritten legal system and utilizes blockchain, cryptanalytic algorithms, random algorithms related to classes and attributes, jurors’ credit level, and case-tracking technology.

OATH may be a blockchain-based various dispute resolution protocol. it's associate infrastructure layer
between chains and dApps. By employing a suburbanised panellist community with an entire new agreement mechanism, Proof of good judgment, OATH provides a strong, fair, clear, and protractile dispute resolution protocol.

OATH is a blockchain governance system that has an efficient warrant for good contracts.If one aspect is discontented with associate outcome, leading to a dispute, there'll be a suburbanised third party with no conflict of interest to resolve the dispute. the provision of a dispute resolution mechanism improves the dependability of good contracts and provides a dependable protection mechanism forblockchain users.
OATH acts as associate insurance protocol for dApp users, protective them from undesirable counterparty behavior. Once the OATH protocol is initiated, OATH jury community can vote on the decision to resolve the dispute. OATH protocol can greatly improve users’ believability associated make sure that all contracts ar warranted by an objective system which, just in case of a dispute, the parties have associate unbiased, objective jury handling it.
OATH also can offer verification of real-world data, that is presently an enormous issue for blockchain. As a regular protocol, any dApp that utilizes OATH might request any quite real-world data from our jury community,OATH jurors can offer data, and also the remainder of the jury community can vote to verify the information’s credibility and accuracy. More info here https://oathprotocol.com/en/

What are the tokens used for?

ERC-20 token. Users can obtain OATH tokens for resolving disputes on the platform, for running nodes, and for providing community services. It will be awarded with tokens. This incentive model is comparable to Augur. It will depend on how many decentralized applications can be used.

How advanced is the project?

OATH’s white paper contains comprehensive information about the project, and the one pager provides a more condensed overview. The team keeps growing its Medium page with updates and in-depth articles. It has already demonstrated ability to effectively attract partners and investors to the platform.​ ​

NEM is one of their partners that will use Oath Protocol as the default dispute resolution protocol on its platform. Presently, NEM is among the top 20 leading cryptocurrencies measured by market capitalization. Recognized financial media outlets such as Yahoo Finance and newsbtc.com released several high level, impressive press coverage about Oath Protocol. The Oath MVP is expected to launch in late 2018, ahead of schedule.

How advanced is the project?

For example, there are a list of technical requirements for technical experts, where they are presented. The OATH team received a number of blockchain-oriented investment funds from the NEM. NEM is one of the top 20 cryptocurrencies measured by market capitalization. In addition, OATH has received several high-level press publications in recognized financial media such as Yahoo Finance or newsbtc.com. It is expected that the MVP OATH will be launched in early 2019.

Core Concept

USABILITY OF SMART CONTRACT
A easy sensible contract tool can greatly cut back barriers to exploitation sensible contracts. additionally, OATH protocol are going to be engineered into those sensible contracts to shield users’ rights and assets.

DECENTRALIZED ≠ ANARCHY
A decentralized system ought to be ruled by a decentralized community. OATH provides a typical blockchain governance protocol by organizing a decentralized jury community, comprised of members with numerous backgrounds and areas of experience, to resolve disputes or arguments on blockchain.

CONSENSUS IS THE REAL LAW
While it's true that “code is law,” code will solely be dead by the principles that ar programmed into the code, and it can’t resolve any matters outside of these parameters.
Consensus is that the real law as a result of solely accord among all users is capable of breakdown all types of matters.

SHARED COMMUNITY
DApp users ar incentivized to create a healthy scheme. OATH invitations users from totally different communities to not solely give governance for the dApp they support, however additionally for alternative ecosystems. This way, we will grow an outsized shared community.

Why OATH?
Blockchain Security ought to have 2 totally different layers: Technology and Governance. So far, we've got solely centered on info technology security, like ‘anti-hacking’ or ‘code review.’ however Blockchain Governance is simply as (if not more) vital as a result of each user desires it from time to time. OATH Protocol encourages North American countryers from totally different communities to hitch us and becomes a part of our OATH Jury to assist with chain governance and dApp dispute resolution.

TRUST
All key knowledge, like the contract and relevant proof, is hashed into the blockchain to ascertain a permanent, changeless record.

CONFIDENTIALITY
The jury members’ identities square measure unbroken confidential through science techniques to make sure sound judgment and immunity from external influence.

DYNAMICITY
OATH’s dynamic allocation algorithmic program reduces the percentages of identical jury members resolution multiple disputes to avoid collusion.

FAIRNESS
OATH’s classified random algorithmic program, designed for reducing bias, selects jurors with numerous backgrounds to make sure fairness.

INCENTIVE
OATH’s credit level system and token mechanism work along to judge and inspire the jurors.

AUTONOMY
Both parties to the contract might set the small print of the dispute resolution method they comply with be certain by.

TRANSPARENCY
Once the dispute is resolved, the jury’s votes and explicit reasons therefor square measure disclosed to the community.

ARCHIVE
The contracts and dispute resolution results square measure encrypted and saved on the OATH Chain for future reference.

ABOUT TOKEN

OATH will issue 10,000,000,000 ERC-20 tokens (OATH) that facilitate engagement between participants on the platform by providing access to the platform and acting as its internal currency.
OATH can be earned by acting as nodes, arbitraging contracts, or providing community services. It may also be purchased from crypto exchanges and marketplaces.

TOKEN ALLOCATION

OATH Partnerships

MEDIA

Team

The international Oath founding team performs an essential role as the project’s engine.

Co-founder & CEO: Yin Xu​​. Yin has over 10 years of experience building successful web projects and 5+ years leading tech teams. He studied Computer Science at the University of Wisconsin, and is a former engineer at the Marshfield Clinic Research Foundation.

Co-founder & COO: Jenny Vatrenko.​​ Jenny was from Heyi Blockchain Advisory Group and spent six years at Boies Schiller Flexner — one of the top litigation firms in the US. She has a Juris Doctor degree from Georgetown University Law Center in Washington, DC.

Co-founder & Head of Engineering: Hongwei Wang.​​ Hongwei is former senior engineer at Google. He has over a decade of engineering and development experience, having worked on developing one of the first Weibo websites in China, jiwai.com.

Co-founder: Will Zhang.​​ Will graduated from the Institute of Electronic Engineering and Computer Science at Peking University and has a Master’s degree in Computer Science from the Chinese Academy of Sciences. He founded and led several other digital and tech companies.

Other essential contributors of the team are in charge of graphic design, quantitative modelling, content management, and business development, and are graduates of Oxford University in UK, Columbia University in New York, University of Illinois at Urbana-Champaign, and Konstanz University in Germany.

The members of Oath Protocol advisory board​:

Jia Tian.​​ Software Development Engineer at Pony.ia, Chief Scientist for Cortex Labs, Scientist for Blockchain DATA Foundation.

Huawei Kong.​​ Director of the Institute of Computing Technology in Shanghai, Partner at Qidian Capital.

Xiahong Lin.​​ Founder & CEO of Bodhi Prediction Market, Partner at Continue Capital. David Hong.​​ Senior Foreign Counsel at King & Wood Mallesons, Founder and Director of Business Development at Heyi Blockchain Advisory.

Dafeng Guo​​. Co-founder of EOS Asia, Co-founder and CTO of Strikingly.

Rui Zhang​​. Co-founder and General Counsel of NAD Grid Corp.

Zainan Zhou​​. Senior Software Engineer Tech Lead at Google, Ethereum Core Contributor. Annetta Li​​. Managing Director at Immensinc Digital Branding, Partner at A’Creative Media Marketing.

Product

Oath Protocol has several competitive advantages over its competitors: decentralized community decision making, semi-decentralized voting process, layer 2 protocol, algorithms and safeguards to ensure fairness, compatibility with any public chains or dApps, credit level system and data analytics, scalability and tiers, and transparency.

From a technical perspective, via APIs, Oath Protocol is compatible with any chains or dApps, and its smart contract template library (with templates that address a variety of use cases and come with built-in Oath dispute resolution and governance protocol) allows for easy integration.

Oath Protocol has a wide range of potential use cases which includes: p2p e-commerce, news verification (also applicable to any content-sharing platform), blockchain-based insurance coverage, blockchain-based rental agreements, and outcomes for oracle platforms. It could even apply to some real-life security cases such as the DAO hack & Ethereum hard fork, EOS’s unsuccessful attempt at blockchain governance, and the newest EOS dApp EOSBets hack.

Strength and Opportunities

Oath Protocol’s credit level system and token reward mechanism incentivize good-faith decisionmaking and protect the ecosystem from bots and bad actors. Oath will also collect and analyze data relating to jurors’ behavior to enable its selection algorithms to select the best groups of jurors for cases. Through its combination of the credit level and juror data, Oath can provide the best and most reliable arbitration services for all kinds of use cases.

Oath is blockchain-agnostic, which means that its success is not dependent on the success of a particular public blockchain. With traditional businesses’ move toward decentralization, combined with blockchain technology and adoption of dApps, the need for a governance protocol will only increase. By beating competitors and making strategic partnerships with public chains, Oath Protocol has huge potential to occupy a big share of the market.

Oath Protocol has already managed to establish partnerships with NEM, QuarkChain, U Network, PopulStay, and several others. QuarkChain is a blockchain with a distinctive approach to using sharding technology and is currently among the top 150 cryptocurrencies valued by market capitalization.

Oath Protocol’s strong team and partnership network position it to build a user-friendly product and speed up adoption of public chains and dApps by providing efficient governance and fair dispute resolution.

Weaknesses and Threats

There are several competitors working on dispute resolution platforms, like Kleros. The Kleros team has been in the space for nearly a year and was recently featured on Epicenter.tv episode 250, where they introduced the team and the concept. In the basic dispute resolution model, Oath does not have significant distinctive features compared to Kleros.

Oath Protocol may also face competition in the markets for its other use cases. For example, Kleros for traditional dispute resolution, Augur for verifying outcomes of oracle services, and Aragon for public chain governance solution. Serving a wide range of use cases could be a double-edged sword. It may be hard for Oath to provide a product that can serve all these use cases very well. However, none of the mentioned competitors have yet achieved a dominant position. All projects will compete with each other, leaving it to the market to choose the winner.

Verdict

The vision of Oath Protocol is that blockchain security should have two layers: cybersecurity and governance. Although the focus tends to be on cybersecurity, regular users encounter user disputes more often than security hacks in their day-to-day usage, making governance just as important as cybersecurity. This is even more true in a decentralized ecosystem that does not (or should not) have centralized arbitration services.

Presently, a decentralized, transparent, and fair dispute resolution system with no conflict of interest is the most important missing piece for blockchain, and Oath Protocol will work as a decentralized third party to arbitrate blockchain disputes. Oath Protocol is not the only project working on a governance protocol, but compared to other protocols with arbitrators or supervising bodies, Oath is based on the jury system, which better represents a decentralized community.

MORE INFORMATION YOU CAN CHECK HERE
Website : https://oathprotocol.com
Facebook :https://www.facebook.com/oathprotocol
Twitter : https://twitter.com/OathProtocol
Medium : https://medium.com/@oathprotocol
Whitepaper : https://www.oathprotocol.com/files/OATH-Whitepaper-EN.pdf

Author : Donny arrr

Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2330472

ETH Address : 0x2eb56cD651CBc1D8088AC385D0fF0960F950E41a