In this article, we cover different approaches for Blockchain Governance & Dispute Resolution, a topic that is getting more and more relevant as we are on the road for Blockchain Adaption. Oath Protocol evolves to become the standard in this field. Not only do we propose a decentralized and transparent authority to resolve disputes (bring back the middleman) but also connect Communities and thus actively contribute to accelerate blockchain mass adaption.
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https://medium.com/oathprotocol/the-lay-of-the-land-in-blockchain-dispute-resolution-and-governance-designs-9b97b0e469b8The idea of arbitrators is what blockchain was trying to avoid. They require additional costs, time and risks. Even if one is trained, how do we make sure s_he is not motivated by a bribe that was received from one party? Smart contracts are trying to be pretty good at avoiding intermediaries but of course not everything can be solved by them. 6 eos unrefundable fee just to get the case arbitraged - that's almost nothing, but the fee grows tremendously if the disputed some is big. And there are also final arbitration costs, which is another ton of money! It's good that Oath is different in this matter, and this project sure might be an improvement in that sphere and there will probably always be people who are into suing each other to resolve matters.