I did not quite understand the purpose of this project, could someone please explain or give an example of how I can use this OATH protocol?
The protocol made in first place to be used by businesses. It's kinda similar to Cybersecurity which is the protection of internet-connected systems, including hardware, software and data, from cyberattacks, but OATH protocol is decentralized and can be use widely for many types of protection, including copyright and e-commerce dispute.
For your question, I think you are asking on individual level, you are most likely going to use a platform or website that uses OATH protocol.
Anyway this is USE CASES from whitepaper [
Whitepaper ]
▶️ BLOCKCHAIN E-COMMERCE DISPUTESParty A: Seller of a pre-owned luxury handbag in “like new” condition
Party B: Buyer
Party B purchased a pre-owned luxury handbag from Party A on an e-commerce blockchain platform. After receiving the handbag, Party B argues that the bag is not in “like new” condition and requests to return it. Party A argues that the photos provided on the platform clearly show the condition of the bag, which matches the provided description. Party A refused to refund.
The platform incorporates the Oath Protocol, and the dispute resolution agreement contains the following conditions:
The dispute is decided by 21 jurors, no category requirement, with prevailing ratio set at 60%;
If Party A prevails, the payment is automatically released to Party A;
If Party B prevails, the payment is automatically refunded to Party B once the item is returned to Party A.
Once Party B initiates the dispute, an SAC is created automatically. Party A uploads relevant photos, communication history with Party B, as well as a statement detailing the condition of the item. Party B also uploads relevant evidence to the evidence pool.
Once the jury reviews the evidence, over 60% of the jurors side with Party A, eliminating the need for a refund. Once both parties confirm the dispute resolution result, OATH returns the result to the smart contract, which then automatically transfers the money to Party A. Jurors are allocated their award, and the case is closed.
▶️ NEWS VERIFICATIONParty A: A group interested in accurate news reporting
Early news reporting is oftentimes vague and conflicting, due to the lack of verified information
and the abundance of unverified rumors from multiple channels. OATH allows Party A to
crowd-verify the facts.
To generate interest, Party A initiates an SAC and deposits OATH tokens to reward evidencecollection and verification. OATH users submit the facts and information they are aware of, and other users vote to confirm the veracity of the submitted information.
▶️ BLOCKCHAIN INSURANCEParty A: Blockchain health insurance company
Party B: Insured individual
Blockchain technology facilitates innovative insurance models, and OATH works really well withthose models, providing a fair and efficient decentralized claims-verification service.
Party A and Party B signed a smart insurance contract that uses OATH as a service provider for coverage determination. To obtain insurance payment, Party B, the insured, initiates an SAC for the insurance claim. Party B needs to upload all relevant evidence to support the claim, such as pictures, medical appointment confirmation, medical billing statement and diagnosis, and so on. The smart insurance contract contents are automatically added to the SAC evidence pool. Based on the contents of the contract and provided evidence, the jurors will vote to decide
whether the insured’s claim is covered and he or she is entitled to the payment.
