Blockchain Technology Startup Jury.online is Anti-Corruption
Alyson Wyers — October 24, 2017 — Business
References: jury.online & venturebeat
This blockchain technology startup envisions a new future for dispute resolution. Jury.online has a number of applications including customer protection, dispute resolution, escrow, milestone payments and overseas deals.
After parties agree to terms, the deal enters the blockchain as a Jury.online smart contract. When the deal is successfully executed, the money (which has been stored as cryptocurrency) is transferred. If a dispute arises, "their deal is revised by a panel of field-expert jurors who make the final decision by a majority vote." The lawyer-replacing blockchain technology startup decentralizes the independent jurors market and implements a fair trial and secure corruption-preventing system. Its open source protocol also works separately from Jury.online's blockchain tech. It offers customization of judging and easy integration with other platforms too.
After parties agree to terms, the deal enters the blockchain as a Jury.online smart contract. When the deal is successfully executed, the money (which has been stored as cryptocurrency) is transferred. If a dispute arises, "their deal is revised by a panel of field-expert jurors who make the final decision by a majority vote." The lawyer-replacing blockchain technology startup decentralizes the independent jurors market and implements a fair trial and secure corruption-preventing system. Its open source protocol also works separately from Jury.online's blockchain tech. It offers customization of judging and easy integration with other platforms too.
Trend Themes
1. Decentralized Dispute Resolution - Jury.online implements a fair trial and secure corruption-preventing system using blockchain technology to replace traditional legal systems.
2. Field-expert Jury Panels - Jury.online's independent jurors market is decentralized and operates through an open source protocol, opening opportunities for expertise-based decentralized markets.
3. Cryptocurrency Payments and Escrow - Jury.online uses cryptocurrencies for milestone payments and escrow, creating opportunities for secure decentralized financial transactions.
Industry Implications
1. Legal Services - Jury.online's decentralized dispute resolution and field-expert panels may disrupt the traditional legal system.
2. Finance and Banking - Jury.online's use of cryptocurrencies for milestone payments and escrow could disrupt traditional financial transactions.
3. Blockchain Technology - Jury.online's anti-corruption blockchain technology protocol may disrupt the blockchain technology industry by offering customization of judging and easy integration with other platforms.
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