Compared to classical jurisprudence, the procedure for resolving financial disputes at Jur is very simple. Both parties create a smart contract on the platform containing facts and evidence and contribute a controversial amount to its account. Further, the system of independent oracles of the platform considers the contract, and makes a decision by voting, during the day. Then the funds, minus a small commission of the platform, are automatically transferred to the account of the winning party.
For comparison: in classical arbitration, a dispute takes an average of six months to resolve, and the cost of legal services often reaches 50% of the amount of the disputed funds.
Read more: https://medium.com/@Vladar49/jur-resolv ... f2a9988cde
