Oath Solution on Blockchain Ecommerce

Some cases we meet in ecommerce of blockchain based:
For example, when we buy bag, but the condition is not good or not as expected and seller argues that the photo provided the condition and refuse to refund. We as buyer can not do anything and there is no solution for this case.
Still other case that we meet like in blockchain-based copyright protection platform, rented a house through a blockchain ‘airbnb-alike’ platform, a blockchain health insurance service provider.

Difficulties in contract preparation:

1. Unable to verigy off-chain information
2. Functional Limitations
3. Lack of governance and dispute resolution
4. Pseudonymity
5. Fraud of identity
   So we need protocol that provides a robust, fair, transparent, and extensible dispute resolution protocol.
   Let’s take a look Oath Protocol.

What is OATH PROTOCOL?

• OATH is an infrastructure layer between chains and dApps with a blockchain-based.
• OATH fills in as a blockchain administration framework that gives a viable guarantee to savvy contracts.
• There will be a decentralized outsider with no irreconcilable situation to determine the question If one side is disappointed with a result, bringing about a debate,
• The accessibility of a debate goals component enhances the dependability of savvy contracts and gives a trustworthy assurance instrument to blockchain clients.
• OATH goes about as a protection convention for dApp clients, shielding them from bothersome counterparty conduct.

Simple Mechanism

• First the OATH protocol is started, OATH jury community will vote on the verdict to resolve the dispute.
• As a standard protocol, any dApp that utilizes OATH may request any kind of real-world information from our jury community, jurors will provide information, and the others of the jury community will vote to verify the information’s authenticity and accuracy.
• OATH can also provide verification of real-world information, which is presently a big issue for blockchain.

What is PROOF OF COMMON SENSE SOLUTIONS
Proof of common sense is Oath new consensus mechanism within the OATH jury community. They will be rewarded for using their common sense to resolve disputes.

What are Oath Protocol Provide?

• OATH will give expansions to different savvy contract programming dialects, enabling users to concur on debate goals arrangements and default claims assentions when composing brilliant contracts or blockchain applications.
• OATH will give a foundation layer to dApps with the goal that engineers can straightforwardly incorporate OATH convention
• OATH will likewise give a keen contract development interface that will incredibly diminish hindrances to utilizing brilliant contracts.
• OATH will improve the usability of smart contracts in a variety situation. The templates will be applicable such as e-commerce, copyright protection, OTC transactions, and others.
  

JUSTICE AND FAIRNESS OATH
The transparency and reliability of the blockchain to make sure that the contents of each case cannot be modified or deleted.

MANAGEABLE COST EFFECTIVE EXECUTION
The steps are:

1. Users will deposit OATH tokens if there is a case to solve. (If the contract is successfully, the deposit will be returned without any extra expense.)
2. The reward is to the members of the jury who accurately pick the predominant party.
3. OATH will inform its members of the jury about key subtleties of the case, for example, discretion expenses, number of jurors required, etc. This warning make enough jurors willing to give their time and exertion to determine cases.
4. Once the case is started, Once they receive the notification, the jurors may decide whether they want to participate in the the case.

All shrewd contract debate and store in Oath blockchain to make a changeless case record and increment the security of keen contracts. This additionally enable members of the jury and other invested individuals to survey the recently chosen case decisions whenever.

Why all smart contract disputes and store in oath blockhain?

1. to create an immutable case record
2. increase the security of smart contracts
3. allow jurors and other interested parties to review the previously decided case verdicts at any time.

MEDIA

INVESTOR & PARTNERSHIP

TEAM

For complete team, click here

ADVISOR

TOKEN ALLOCATION

ROAD MAP

More information on:
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Check out ICO website: https://oathprotocol.com

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Disclaimer: All information on this post is to give info for our readers. Please read carefully when you want to invest in any ICO, all your forward action are at your own. Thank you.