Aragon’s Decentralised Court of Arbitration
Many projects in the blockchain space take quite a bit of thinking to get your head around. The Aragon project is a challenge because one firstly has to understand the nature of Distributed Autonomous Organisations (DAO) and how they work.
The Aragon team recently released an outline of how the Aragon Network Jurisdiction will work. It fulfills the same purpose of arbitration proceeding in the analogue world except that it has no borders. It is also interesting that ‘judges’ from lower courts are penalised if a superior court overturns their judgement….that’s novel!
I would love to review a lawyer’s opinion on this system. The outline is set out here.