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.
Why This Trend Is Growing
- Decentralized Dispute Resolution
- Jury.online implements a fair trial and secure corruption-preventing system using blockchain technology to replace traditional legal systems.
- 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.
- Cryptocurrency Payments and Escrow
- Jury.online uses cryptocurrencies for milestone payments and escrow, creating opportunities for secure decentralized financial transactions.
Industries Being Reshaped
- Legal Services
- Jury.online's decentralized dispute resolution and field-expert panels may disrupt the traditional legal system.
- Finance and Banking
- Jury.online's use of cryptocurrencies for milestone payments and escrow could disrupt traditional financial transactions.
- 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.
