JUR

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JUR (JUR) ICO Review

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JUR is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico TimeUnknown – Unknown
Token NameJUR
Token SymbolJUR
WhitepaperView Whitepaper
Website LinkHome
CountrySwitzerland
PlatformEthereum
AcceptingETH
Hard Cap30,000,000 CHF

More about JUR (JUR) ICO:

Jur is a justice as a service on the blockchain built to recreate trust in business relationships, allowing people to safely make agreements digitally enforced thanks to a peer to peer dispute resolution system. The dispute resolution layer can be used by platforms, smart contracts and third-party applications. On it, we create the first marketplace of smart legal agreement to allow anyone to create smart legal agreement in simplicity, pay, have an escrow on the blockchain and, in case of dispute, have a rapid, incorruptible and economic dispute resolution.

Jur offers a more efficient legal contract and dispute resolution system that delivers reliable results and immediate enforcement to replace the current inefficient, costly, slow system. Jur is built on the blockchain to guarantee tamper-proof reliability. Jur uses the principles of game theory to harness the power of the wisdom of the crowd. Economic incentives motivate voters to help resolve disputes at near zero cost to the parties in dispute and guarantee reliably fair results.

Jur creates a new dimension of trust in business relationships based on easy-tocreate, effective Smart Legal Agreements backed up by a near-zero cost, swift, and fair decentralized dispute resolution system enforced on the blockchain.

Futurists predict that eventually smart contracts will replace conventional legal agreements in many areas, but without a better dispute resolution system, smart contracts are only a partial solution. In the near term, Jur will be very useful for simple agreements. In the medium term, Jur users will create specialized Hubs with voters who are qualified to resolve disputes over more complex agreements. In the long term, Jur will allow creation of more complex agreements composed of a series of linked contracts. Hubs will continue to evolve as economically motivated users develop resources for increasingly specialized markets so that Jur can offer an alternative for an expanding universe of agreements.

Jur is a blockchain-based ecosystem for creating smart legal contracts and providing swift and fair justice for any kind and size of agreement on a global scale.

Do you have a problem with an agreement you made? Thanks to Jur’s products you can open a dispute and get a fair resolution quickly.
A new system, built around you from scratch. Jur offers a legally binding option in more than 150 Countries in the world.

Jurisacompanythatisactiveinthelegaltechfieldandhasdevisedadecentralizedlegalecosystembasedontheblockchainprotocolinordertoautomatecontractscreation, formation, execution, enforcement and dispute resolution.Specifically,Juriscreatinganall-inclusiveecosystemformanagingcontractualrelationsthatincludes:(i)aframeworktoallowprofessionalstocreatelegalcontracttemplatessupportedbysmartcontracttoautomatebusinesstransactions;(ii)amarketplaceforsuchsmartlegalcontractsthatfacilitatesthedisseminationandcreationofnewhigh-qualitycontracts;(iii)integratedblockchain-baseddisputeresolution systems.Thisecosystemisconceivedasanalternativetotraditionalmethods,asaresponsetotheinefficienciesofjusticesystemsadministeredbystateauthorities,anditisdrivenbyprinciplesoffreemarket,efficiencyandeconomicincentives,withtheaimofcreatinganewformofdigitizedjurisdictions.TheprojectdevelopedbyJurwilloffernewopportunitiesformultinationalenterprises(“MNEs”)tooptimizetheiroperationalflows,butaboveallwillgivesmall-mediumenterprisesandprofessionalsa new way to do business in a reliable and safe way.Thiswillbeachievedbymovingfromamodelofcontractscreatedonabespokebasisbylawyersforindividualclientsandpossiblyenforcedbynationalcourts,toamodelofmodular,template-basedsmartlegalcontracts,whosecontentscanbeeasilycustomizedforthebenefitofmillionsofusersandwhoseenforcementoccursdirectly on the blockchain in a way that is as automated as possible.Jurisbringingthe“newinternetofcontractsandjurisdictions”totheworldtocreatea new stage of evolution in business relations.

Executivesummary

Currently,businessrelationsareruledbyasystemwhereagreementsbetweenprivateentitiesaresubjecttostatebodieswhichensureenforcement.ThejudicialfunctioninthestrictsenseisapoweroftheState,andthereforetheStateisthemainproviderofjudicialservices.However,theseservicesareexpensiveandslow.Resolvingacommercialdisputecantakeupto2years,ifnotlonger,anditcostsupto 45% of the value of the business from which the dispute arose.1TherearesomeAlternativeDisputeResolution(hereinafterreferredtoas“ADR”)mechanisms,suchascommercialarbitration,amodelthatservednationalandinternationaltradeforcenturiesandwhichhasbeenpushedbycertaininstitutionsandinternationalorganizationsinthelatest30yearsforawideapplication.However,arbitrationhasprovedtobefasterbutmoreexpensivethannationaljudicialsystemsand,inanycase,itdoesnoteliminatethecostsandtimeneededtoobtaintheenforcementofarbitralawards.Thatconsidered,arbitrationisusuallyonlyworksforlarge deals.Inaddition,thereisanotherfundamentalissuethatmakesthescenarioevenworse.Thecontractindustryhasbecomeunsustainableforprivateparties.Lawyersalwaysworkmanyhoursonthesametypesofcontractsinordertopreventanypossibledispute,whichmustbeavoidedatallcosts.Thisresultsinalargenumberofbillablehoursthattheclienthastopay,withoutanyrealcertaintythatthedisputewiththenegotiatingcounterpartywillreallybeprevented.Theagreementsmaystillbeviolated or not adequately performed.Insum,thelegalindustryasawholeisoneofthemoreexpensiveinrelationtotheneedsofenterprisesandprofessionals,andyearafteryeartheexistinglegal frameworksbecomemorecomplicated.Internationalbusinessesinvolveacomplexconvergence of rules and legal standards.Forsomebig-budgetmultinationalenterprisesitisalmostagametobepartofthatsystem,butformanysmallandmediumenterprisesitisextremelydifficult,ifnotinaccessible.“Justice”endsupservingafeweconomicplayersmorefavorably.Ethicallyspeaking,thisisnotdesirable,andwealsobelievethatsuchanimbalancepreventsthenetworkofeconomicrelationsfromevolving,tothedetrimentofsociety.However,itwouldbeamistaketobelievethateverythingcanbeautomatedviasmartcontracts,especiallywhenhighlysubjectiveelementsmustbeevaluated.Forexample,howcanasmartcontractassesswhethertheCEOofacompanyhasreallyactedagainsttheinterestsofthecompanyandestablishfaircompensationforshareholders?Inlightoftheabove,wepresentatoolsetfordisputeresolutionmeanttobequickerandmoreaccessible.Inthesamebreath,weareprovidinganinfrastructureforsmartlegalcontracts,allowinglawyerstocomposecontracttemplatesquicklywithbuilt-indisputepreventingintelligence(i.e.thefunctionofsuggestingclausesthatmakethecontractmoredispute-proof).Boththeseservicesinvolvetoacertaindegreehumanabilitytoassessandcanbeusedfromanywhereintheworld,pursuingtheobjectiveof drastically reducing the time required to manage business relations.Jurisrunbyahigh-levelteam,whichincludesexpertiseinblockchain,legalandentrepreneurialfields.Inaddition,JurissupportedbyaScientificCommitteewhichincludesex-MembersofEuropeanUnionParliament,DirectorsofLawFaculties,ProfessorsandleadingArbitrators.Also,Jur’sAdvisoryBoardincludespeoplewhohave been working in the blockchain industry since the beginning.JurisfundedbyprivateinvestorsandtheVechainFoundation.Inthislastregard,JurisVechain’sinstitutionalpartnerandpartnertotheentireVechainpartners’network,which includes several of the world’s largest companies.

Jur Solution

Jursolvestheissueofinefficientcontractcreationanddisputeresolutionwithadecentralized,flexible,affordable,easy-to-usesystemwhichcombinessmartcontracts,arbitration,andthe“wisdomofthecrowd”gametheoryprinciple.Jurallowsanyonetocreatecontracts,makeescrowdepositsandpayments,and-intheeventofadispute-getafairandfastresolutionforfreeorataverylowcost.Juroffersthreeoptionstoresolvedisputes,fromthesmallestandsimplestonestothemostcomplexones.Oneoftheseoptionsisbasedoneconomicincentivestomotivatevotersinaglobaldecentralizedopensystem,anotheroneusesthesameincentive-basedvotingsysteminclosedcommunities,andthelastoneconsistsoflegally-binding smart arbitration enhanced by the blockchain technology.Bitcoinhascreatedaglobalincorruptiblesystemfortransactionsthatdoesnotrelyonanygovernmentornationallaw.Basedonthisinspiration,Jurisbuildingasystemforcreatingandenforcingcontractsthatisalsoglobal,incorruptible,andpotentiallyusablewithoutrecoursetonationaljudicialbodies.However,theJurlegalframeworkwillbedesignedtobecompliant,notinconflictwiththelawsofnationstates,andespeciallywiththeexistinginternationallegalframeworkforinternationalarbitration,inordertoensuretherecognitionandenforceabilityofarbitralawards,whicharenotsubject to automatic enforcement.

Smart Legal Contracts

Juriscreatinganeditorandamarketplaceforeasilycustomizablesmartlegalcontracts,whichwecallsmartlegalcontracttemplates,encodedsothattheycanbeautomaticallyexecutedandenforced,andsoldasproductswhichwillreplacecostlytraditional contracts designed one at a time by lawyers.Thisisanimportantinnovationbecauseittrulybringsthenotion”code”intothe2legalsystems,thusreducingtheneedforhumanactivity,andreducingcostsforbothcontractcreationanddisputeresolution.Forthoseaspectsofthecontractual3relationshipthatcannotbeautomated(i.esomesubjectiveelementsmustbeevaluatedbeforearrivingatenforcementinfavorofonepartyortheother),thedisputeresolutionmechanismestablishedbyJurfillssuchgaps.Thesystemismeanttobeaffordable,fair,andeffective,withautomaticenforcementofdecisionsfrom two of the layers and legally-binding decisions from the third layer.Additionally,itempowersindividualstocreateunbreakablepeer-to-peeragreementsusingstablecoinstofundescrowaccountsthatcanbeunlockedwhenthecontractis executed or when milestones are reached.Astheopen-sourcemovementinsoftware,whichbrokedownknowledgesilos,enabledcooperationandallowedpeoplenottohavetospendtheirtimeconstantlyreinventingthewheelandredoingbasiccontracts,Jurenablesprogressbyallowingattention and value to shift to the higher complexity/edge cases.Additionally,theJursystemincludes:i)creationofsmartcontractswithmilestones;ii)stablecoinpayments;iii)durationandvariables;iv)selftriggeringbasedonexternal elements.

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