OATH Protocol wants to build an analog of a decentralized dispute resolution system modeling the common-juror system. In their view, this will solve the solution to the blockchain governance problem.
OATH Protocol wants to provide a solution to the Blockchain Governance system.
In order to do this the company plans to:
- increase the usability of smart contracts by providing an easy to use user-friendly smart contract creation tool
- creating a decentralized jury community, comprised of members with diverse backgrounds and areas of expertise
- invites users from all communities to not only provide governance for the dApp they support but also for other ecosystems.
The protocol’s main advantages include:
- Trust – all data is hashed on a blockchain.
- Confidentiality – all jury members data of confidential.
- Dynamicity – protocol will ensure that different jurors will be resolving multiple cases to avoid a collision and ensure the integrity.
- Fairness – protocol will ensure random jurors selection based on a variety of factors as gender, background, age, etc. to have full objectivity.
- Incentive – a mechanism to motivate jurors for participating and assign them credit.
- Autonomy – parties mutually set rules that they would be bound by.
- Transparency – jury votes are disclosed to the community after resolution.
- Archive – protocol allows keeping all data in a structured irrecoverable way.
Use cases include, but are not limited to, the following:
- E-commerce, which involves a variety of disputes, such as quality problems, missing pieces, broken product, etc. OATH jury will resolve each dispute based on user-provided testimony.
- OTC trade of digital assets.
- Disputes involving decentralized property rent.
- Decentralized moderation.
- Oracle for betting.
- public chain governance.
So basically OATH is a decentralized agnostic protocol that offers a solution to of decentralized governance to all blockchains and Dapps.
Blockchain architecture is highlighted below:
OATH Protocol is an agnostic blockchain which may be integrated into other Daps and public chains.
The chain contains two main files:
- Case ledger, which includes all information such as contracts, verdicts, voting reasons, selected jurors.
- IPFS (InterPlanetary File System), which is a network designed to create a content-addressable, peer-to-peer method of storing and sharing hypermedia in a distributed file system. It replaces traditional domain names with content addresses so that users don’t have to consider names and paths of file storage.
The total token supply is: 10,000,000,000 ERC-20 tokens (OATH).
Token use is summarized below:
- Engagement between participants/granting access to the platform
- Internal currency
Tokens are earned as nodes, disputes resolution and community services.
We see a well-balanced team with a diverse background in tech, business, and law. Yin Xu, CEO, won several awards for best mobile application.
Jenny Vatrenko, COO, is an influential lawyer and former litigator at Boles Shiller. She is active on the group’s Telegram channel.
Hongwei Wang has a strong technical background, including eight years of combined experience at Google and other tech-focused companies in China.
On the advisor side, we see people from Zefund, Qidain Capital, Continue Capital, a founder of an EOS supernode and energy startup NAD. Advisors cover the main focus groups: technology, business and legal. Jia Tian is a notable advisor who worked at Baidu and Alibaba, and is a big investor in Bitfinex Dafeng Guo. Tian worked for big investment banks like Morgan Stanley and Goldman.
Zainan Zuo is another notable advisor who serves as a core developer at Ethereum, and is a main developer of the ERC-1202 standard for Ethereum.
Several notable investors from the VC and blockchain worlds are also worth mentioning. While most are medium-sized funds, Quarkchain is among them. Quarkchain was a top ROI project during the second quarter of this year. EOS Asia and NEM are also partnering with OATH.
In general, the project looks interesting. The team has the necessary technical skills to implement the product. We see the support of smart money. The very idea of the product itself is exciting. The decentralized dispute resolution system, which can be used both as a means of resolving disputes between traditional subjects in arbitration and within a decentralized system, deserves interest.
- The project does not have MVP, only active Github. -1
- Low public activity. -0.75
- The strong point is that it is an agnostic protocol so that it can be plugged to any blockchain and provide additional value to that respected network with their service. +2
- The overall idea is interesting. +1
- Any user of any blockchain can automatically be selected as a juror for OATH dispute which provides flexibility and helps to get users on board. +1
- The token use case is rather strong – parties must deposit tokens during dispute case and pay arbitrators for their services. +1
- The roadmap is medium long. Although for this kind of project long-term potential will rise together with overall crypto field and decentralization. +1
- Token metrics are on the good side. +1
- Team, advisors, partners, and VCs have been verified. +1.5
I would say that the project is above average, but one should wait for prototype and full metrics to make the full investment decision. Currently, the rating of 6.75/10 is warranted, though it may be further increased or decreased once the project is up and running.
- Type: utility
- Symbol: OATH
- Platform: erc-20
- Crowdsale: TBA
- Minimum Investment: TBA
- Price: TBA
- Hard Cap: TBA
- Payments Accepted: TBA
- Restrictions Barred from Participating: TBA
- Website – https://oaths.io/
- Whitepaper – https://oaths.io/files/OATH-Whitepaper-EN.pdf
- FB – https://www.facebook.com/oathprotocol/
- Telegram – https://t.me/oathsio
- Medium – https://medium.com/@oathprotocol