Great announcement from Oath Protocol and MOAC:
https://medium.com/oathprotocol/oath-protocol-and-moac-team-up-in-strategic-partnership-f38427784a17I think this is pretty cool for dapps being built on MOAC where they will have access to an arbitration system for conflict resolution.
Copy/pasted here:
Today, we are pleased to announce our strategic partnership with MOAC, a world-class public blockchain that is among the first to implement sharding to resolve the scalability dilemma.
This partnership is a solid step in Oath Protocol’s aspiration of becoming the standard blockchain dispute resolution protocol, while MOAC further strengthens ability to serve its users by providing tools for community governance and securing users’ rights and assets.
MOAC is a revolutionary platform with a multi-blockchain smart contract and P2P service network to efficiently build and scale decentralized applications. By leveraging multi-blockchain sharding, the MOAC platform increases system capacity and performance, reduces transaction fees for smart contracts, and incentivizes mobile and desktop users to compete for processing rewards.
Oath Protocol is a layer 2 protocol that provides a mechanism for community-based governance and dispute resolution, compatible with any public chains, dApps, and traditional web platforms via APIs.
Both Oath Protocol and MOAC subscribe to the ideology of decentralization through blockchain technology with a strong focus on community and enabling everyone to contribute to the growth of the sharing economy.
“Today’s announcement with industry leader MOAC is another solid step in our journey to build on our foundation in blockchain governance and dispute resolution and become a leader in the new blockchain ecosystem,” said Xu Yin, Oath Protocol’s co-founder and CEO. “This partnership will help us deliver on our strategy by exposing us to a wide user base and business foundation. MOAC is the perfect partner to help us fully realize the blockchain governance opportunity in the long term.”
Partnership Details
Oath, a cross-chain layer 2 protocol, will deploy a MOAC-compatible smart contract that incorporates Oath as the default arbitration system to provide a conflict management tool to all dApps and users in the MOAC ecosystem, adding an important missing link to overall blockchain security.
MOAC network users will be able to use Oath Protocol-secured smart contracts in a variety of scenarios and rely on Oath to resolve any user disputes, verify real-world information, etc. Any smart contract user will be able to initiate the arbitration process by simply submitting a case to Oath. The users will always remain on the MOAC chain, and the arbitration itself will be handled by the Oath jury, comprised of general users from different platforms, backgrounds, and areas of expertise.
In early 2019, Oath Protocol will launch a large-scale public beta in the MOAC ecosystem, and we invite all MOAC community members to test our platform, cast your votes to resolve disputes, and earn credit points and arbitration awards.
To learn more about Oath Protocol, sign up for email updates on our website. To stay up to date on Oath Protocol news and announcements, follow us on Medium,Telegram, Facebook, Twitter, LinkedIn, Steemit, Reddit, and Instagram, and join the conversation in our Telegram and SynQ communities.