Jury.Online — The future of dispute resolution

We are living in technological epoch. Jury.Online is a platform that provides services for the resolution of any kind of disputes with the participation of an independent group of expert judges. The main problems of the market, that the project plans to solve are: high fees for professional legal services, excessive duration of trials and non-enforcement of court decisions. The platform has a flexible smart contract that allows to conduct multilateral transactions, randomize the pool of judges, and also includes a number of approaches that exclude the corruption component of the dispute resolution process. It should be noted that the source codes of the smart contract and protocol have been published on GitHub. The platform will use the escrow function, that allows to transfer funds only if certain conditions are met and if it is confirmed by an independent third party ⎼ escrow agent. However, there is no detailed market overview and competitive advantages (for example, over CrowdJustice) in the whitepaper of the project. The appeal to traditional courts is too time-consuming and expensive in case of disputed transactions with insignificant funds. The Jury.Online platform, using the built-in arbitration system, is trying to resolve disputes outside the framework of state procedural requirements, without violating the requirements of different countries legislation in the field of contractual relations between the parties. Legal recognition of such decisions on disputes by all subjects of contractual relations is also possible. The composition of the team is quite balanced and includes developers of the platform, specialists in marketing, strategic development and other fields. It should be noted that the team members do not have impressive achievements in the field of jurisprudence and the project needs additional legal authority specialists. There is also a roadmap in the whitepaper of the project, although the marketing plan for international expansion has not been worked out yet. The High Quality Rate of the Jury.Online means that the project’s goals, market problems and their solutions are clearly defined, and the team members have the necessary potential for the platform implementation.

Applications:

Escrow. Money is stored on a smart contract balance. Have a complete control of its transfer.
Customer protection. Protected collateral in cryptocurrency. Ensure your customers with unforgeable security.
Milestone payments. Make complex deals in which the payment is broken down into several installments.
Dispute resolution. Take an expertise by qualified anonymous and public arbiters to find out who is right and who is wrong.
Overseas deals. Distance is imaginary. Make deals throughout the globe.

Main Features:

Blockchain — agnostic protocol. Open source protocol with clear specification with the possibility of integration with any blockchain platform using smart contracts. The protocol is independent of underlying blockchain technology.
Independent arbitration system. Jury.online incorporates a range of anti-corruption systems. Jurors will not know the verdicts of other jurors to prevent them from taking the decision voted for by a majority. Economic and rating motivation forces judges to investigate and resolve disputes fairly and correctly, rather than to randomly pass their verdicts.
Jury market. Jury.online shapes decentralized independent jurors market. Jurors provide a price for which they are ready to work, so the counterparties know in advance how much a potential dispute would cost and may accurately estimate their risks.
Security. Decentralized and secured operations based on blockchain technology.
Customization of judging. Counterparties can pick jurors out of a pool that specializes in the specific field that is relevant to the deal.
Integration. Easy connection with third parties: online stores, freelance platforms.

Jury.Online Protocol:

Jury.Online implements a protocol which provides interaction between parties of the deal and its arbiters for blockchain transactions. Currently the protocol is built on the Ethereum platform, which allows it to be used in any transaction on this platform. This means that any company can implement it into own platform. If the integration is handled by the Jury.Online team, then all the arbiters which are included in the pool of Jury.Online arbiters can interact with the parties of the transaction to make decisions. Since the protocol is free and open-source, any company can integrate it without pools of arbiters. What is the Jury.Online platform? First of all, the Jury.Online platform provides an opportunity to invest in responsible ICO projects in which the release of funds and project tokens is related to the results of each stage of the roadmap of the project with the involvement of third-party arbiters whose decision will be decisive to proceed to the next stage or to return funds to the investor. This platform is a particular case of the implementation of the Jury.Online protocol which is based on Ethereum.

Smart contracts:

Smart contracts are digital contracts, written in code with automatically enforced clauses. The World is just starting to explore how this technology can be applied. Yet, smart contracts have a lurking problem: transforming human intention into a smart contract code is a great challenge. As our world becomes more complicated so do our desires, this issue requires more refined and powerful techniques. Luckily, when properly motivated, humans can be intelligent, flexible, fair, and reasonable — exactly the qualities that bad code lacks. This suggests that until we know how to express our desires in a not human-oriented way, we have to create systems which benefit from the expertise of both humans and machines in order to maximize the result. So, Jury.online is neither a new blockchain nor an old service that is attempting to integrate blockchain. Jury.online is a project that aims to use the full power of contemporary technologies to solve problems that were considered unsolvable for decades.

Token distribution:

70% — are available for sale
20% — goes to the Jury.Online team and will be blocked for a period of 6 months. After that period 10% of the total amount blocked will be released every month, with the whole sum therefore to be unblocked in 16 months after the end of ICO
7% — goes to advisers and for bounty programmes
3% — remains as a stock of liquidity to ensure flawless and independent operation of Jury.Online before token enters cryptocurrency exchanges and the market stabilizes, as well as for compensations in exceptional cases

Allocation:

For every 7 JOTs sold through ICO Jury.Online issues 3 JOTs for itself. So up to 21 000 000 JOT will be available for the public and up to 9 000 000 JOT will be reserved by Jury.Online
ICO minimum cap: 3,000,000.00 $
Sale supply: 14 700 000 JOT
Tokens can be bought for ETH, BTC, LTC, BTH and ETC, as well as for fiat money
Token transfer would be available only after the end of the ICO
20% of Tokens will be allocated to the team members, they will be frozen for the next 6 months and 10% will be unblocked each consequent month.

Sale:

Date: (12 February 2018 14:00 UTC — 14 March 2018 14:00 UTC)
1 JOT = 0.00055 ETH
1 ETH = 930.53 USD
Bonuses for early contributors are following: First two days (12–14 February): 10%. Second two days (15–17 February): 5%
Now is 10% discount
Soft cap: 3 mln $
Hard cap: 6 mln $

Hurry up to get bonuses! https://jury.online/ico