Back with me, this time Adifariz I invite you to support an interesting project that will lead you to your next success.
https://oathprotocol.com/
What does the company / project do?
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 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 comes into effect whenever the code written in smart contracts is not enough to reach consensus among market participants.
What are tokens used for and how can they be evaluated?
The OATH token is the internal currency of the platform and is issued as an ERC-20 token. Users can obtain OATH tokens for resolving disputes on the platform, for running nodes, and for providing community services. Only members of the jury who will vote correctly, as the majority voted, will be awarded with tokens. This stimulating model is comparable to Augur. The market capitalization and prosperity of the token will depend on how many decentralized applications will use OATH to resolve disputes on its platform.
How advanced is the project?
OATH includes an official document, one pager with a summary of the protocol for less technical investors and an active blog based on Medium, where updates are presented. The OATH team received investments from a number of blockchain-oriented investment funds and managed to negotiate a partnership agreement with NEM, which makes it the default dispute resolution protocol over 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 MVP OATH will be launched in early 2019.
team
The OATH team consists of internationally diversified team members.
Yin Xu is the CEO and co-founder of OATH and has a BS in Computer Science from the University of Wisconsin. He has entrepreneurial experience and over 10 years of experience as a software engineer.
Jenny Fireco is a COO and co-founder of OATH. She has a law degree from Georgetown University and previously worked in a number of law firms.
Hongwei Wang is the third co-founder of OATH and the head of the engineering department. He has over 10 years of experience as an engineer and has previously worked at Google.
Will Zhang is the last co-founder of OATH and a master of computer science. He is a serial entrepreneur and previously founded a cryptocurrency exchange.
In addition to the co-founders, several other people work in OATH in such areas as design, quantitative modeling, content management and business development.
The OATH consultancy team includes
Jia Tian , a cryptocurrency investor,
Huawei Kong , Explorer,
Syahong Lin , an investor and entrepreneur,
David Hong , a lawyer,
Dafeng Guo , entrepreneur,
Rui Zhang , a lawyer and entrepreneur,
Zaynan Zhou , senior Google engineer, and
Annette Lee , Marketing Manager.
Product
From a technical point of view, OATH provides extensions to existing programming languages for intelligent contracts and an infrastructure level for decentralized applications. Developers will be able to integrate OATH as a platform that will resolve disputes in case of disagreement of the parties to the contract.
Possible uses of the OATH protocol include over-the-counter cryptocurrency trading, dispute resolution in e-commerce, blockchain insurance solutions, definition of responsibility for lease contracts based on blockchains, content management for decentralized content platforms and social networks, definition of results for oracle platforms and government control blockchain.
Strength and opportunity
OATH, unlike some competitors, does not depend on the blockchain. This means that the success of the OATH protocol does not depend on the success of a particular public block chain.
OATH satisfies the need arising from the emergence of value-based business and blockchain business relationships on the Internet. As smart contracts become more popular, dispute resolution will inevitably arise. If OATH can create a convenient and highly functional product, there is a high probability that the market will take it, given the fact that this is one of the first dispute resolution decisions.
OATH was able to present a number of partnerships with already established blockchain projects. In addition to NEM, OATH also announced a partnership with QuarkChain, a blockchain with a special approach to using sharding technology. QuarkChain is currently ranked among the top 150 cryptocurrencies rated by market capitalization. OATH plans to use its partner communities to hire jurors and strengthen their own strength.
Weaknesses and threats
OATH is not the only dispute resolution protocol. Kleros is an alternative solution for resolving disputes based on a chain of blocks. The Kleros team has been in space for many years, and it was recently shown in the episode Epicenter.tv 250, where it presented the team and concept. OATH has no significant differences compared to Kleros in the basic dispute resolution model.
OATH is trying to serve a large number of use cases. Although he can compete with Kleros for traditional dispute resolution, he will compete with Augur when it comes to checking out the results of oracle services. At the same time, it will compete with Aragon to provide better solutions for managing the state chain. This represents a large number of use cases that are very different from each other. It will be difficult for OATH to provide a product that can serve all these use cases very well. On the other hand, none of these competitors have yet reached a dominant position. In addition, OATH may not need to become the best platform in every market it serves to become a thriving dispute resolution protocol.
the court's decision
The idea presented by the OATH protocol is very intriguing, because it solves a problem that algorithms working under smart contracts for public blockchains cannot solve. OATH may not be the first or only platform for resolving disputes, but their team, investors, and an official document are compelling.
For more information :
WEBSITE: https://oathprotocol.com/en/
TELEGRAM: https://t.me/oathsio
WHITEPAPER: https://oaths.io/files/OATH-Whitepaper-EN.pdf
FACEBOOK: https://www.facebook.com/oathprotocol/
TWITTER: https://www.facebook.com/oathprotocol/
MEDIUM: https://medium.com/@oathprotocol
REDDIT: https://www.reddit.com/r/OathProtocol/
INSTAGRAM: https://www.instagram.com/oathprotocol/
LINKEDIN: https://www.linkedin.com/company/OathProtocol
Author : adifariz
Tidak ada komentar:
Posting Komentar