• Wanchain has announced a partnership with Oath Protocol, decentralized governance and dispute resolution platform
• dApps based on Wanchain’s blockchain will be able to use it
• Members of the Wanchain community are able to receive bonuses by signing up for Oath Protocol’s juror program

On January 24, Wanchain announced a partnership with Oath Protocol, a decentralized governance and dispute resolution platform, which will be integrated with Wanchain’s solutions.

Blockchain-wide dispute resolution

Because Oath Protocol’s solution will be directly integrated in Wanchain blockchain, any dApp based on the same blockchain will be able to use its dispute resolution services. Such a service is necessary for dApps in areas such as e-commerce, p2p services, trading and will make them more usable in real world. The system beneath the protocol is a decentralized community of jurors, which combines blockchain technologies with the time-proven legal tradition.

According to Wanchain founder Jack Lu, one factor that had previously stopped the blockchain-based digital economy from unlocking its full potential and power was the absence of a standard, community-based governance and dispute resolution protocol. He said: “The new partnership between Wanchain and Oath Protocol addresses the need for cross-chain, decentralized governance and dispute resolution that will make our vision of the new digital economy a reality.“

In the blog post by Wanchain, Xu Yin, co-founder of Oath Protocol, expressed the hope that this partnership will be useful for both sides. He commented:

“Through this collaboration, we can expect greater cross-chain user engagement and more fair and effective community based governance in the future, which will reduce barriers to blockchain adoption and push the technology frontier forward for the greater benefit of our society.”

Immediate benefits for community members

Members of the Wanchain community will be able to receive a 200 OATH registration reward, as well as 15% bonus for joining the Oath Protocol juror community. In order to receive the bonus members have to go to Oath Protocol juror agreement page.

Oath Protocol is an infrastructure layer that makes decentralized, community-based governance and dispute resolution possible both for blockchain-oriented and other companies and businesses. The project utilizes unique consensus mechanism, called Proof of Common sense and relies on its community to join the jury pool; the users are then able to earn rewards by participating in case arbitration.

It is important to point out that the partnership with Wanchain is not the first –  the project has recently announced partnerships with NEM, Quarkchain, UNetwork, DREP, Qtum and MOAC.