2018-7-28 13:58 |
Jur creates a new dimension of trust in business relationships based on easy-to-create, effective Smart Legal Agreements backed up by a near-zero cost, swift, and fair decentralized dispute resolution system enforced on the blockchain.
Jur will: (1) Allow platform users to create smart legal agreements through intuitive wizards, cutting the cost of legal agreement creation and management. (2) Facilitate escrow creation and direct settlement of payments using smart contracts, creating an environment of trust and efficiency in business relationships. (3) Provide a consensus-based dispute resolution structure that uses game theory and economic incentives to motivate voluntary voting, and uses blockchain technology to record votes, delivering fair outcomes at near zero cost.
Jur aims to create a consensus-based dispute resolution mechanism that eliminates the inefficiency, time delays, and overwhelming cost of litigations prevalent in the current legal industry. JUR will use blockchain technology to induce transparency, cost savings, and agility in an otherwise stagnant industry.
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