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.