Aragon, a decentralized organization platform built on Ethereum, has launched Aragon Court, an efficient and secure dispute resolution protocol for the Internet era and the Aragon Network.
Aragon Court works by drafting human jurors to review disputes and motivating them with financial rewards and penalties to adjudicate well.
The demand-side of the market comes from DAOs and users who rely on Aragon Court as a dispute resolution provider if members of their organization come to a disagreement. The supply-side of the market comes from users who stake Aragon Court’s token (ANJ) to serve as jurors, adjudicate disputes, and earn rewards.
During the pre-activation period, more than 1,000,000 ANT has been staked into the system, with 247 jurors signing up.
“We want to thank every single juror who signed up — you are the founding fathers and mothers of a new cybernation. After this historic launch, community members will be conducting a precedence campaign — a series of simulated disputes to stress-test the system. The next step will be to transition the governance of the entire protocol to ANT holders, who will work on governing the protocol in exchange for a portion of the revenues of Aragon Court. Today, a new jurisdiction just appeared on the map, and it’s called Aragon.”
– The Aragon Team