$2.34 -1.10%
EOS · 28w

An EOS Arbitration FAQ Guide

This guide tries to answer frequently asked questions about the present and future of the EOS arbitration process. The answers are mostly based on information presented during a talk by Moti Tabulo, the interim head of the EOS Core Arbitration Forum (ECAF), at a London event on 4 July 2018 organized by "EOS London" (one of the world's largest EOSIO meetup.com groups).

Q: Is there a special reason the acronym "ECAF" was chosen?

A: This acronym was partly chosen because when you write it in reverse, it reads "FACE" (they thought that this was appropriate since ECAF was supposed to be "the nice human face of EOS").

Q: Why does EOS need arbitration?

A: Because problems may arise that need to get resolved, e.g. an issue between a Decentralized Application (DApp) and its users; or an issue between two DApps.

The basic problem is that you can't draft a contract that covers every eventuality. Since humans can't predict the future, every contract is in some ways incomplete. This is even more true when you are dealing with a new technology such as blockchain. This means that when people use a DApp, situations can arise that may be open to interpretation. And when you have different opinions, you can have disputes. So, sooner or later, disputes will occur. The question is how do we resolve these disputes?

In the real (off-blockchain) world, one way to resolve disputes is to go to our local courts. However, it is hard to do this when you are dealing with blockchain because (1) blockchain is operating in a global context; (2) many/most lawyers/judges don't know anything about blockchain, consensus, DApps, etc.

Another way is arbitration. The advantage of arbitration is a single context across multiple jurisdictions. Arbitration reduces friction to doing business as it gives certainty (e.g. if you the developer of an DApp that has users in 50 countries, you don't have to worry about dealing wi...

Continue on cryptoglobe.com
Recent news
EOS -1.10% · rooshv.com · 5h

Rooshv describes his need for freedom of speech dapps

In 2007, I quit my job as a microbiologist. I wasn't making much money online at that time, but I knew the potential was limitless. I could exercise my free speech by publishing ideas and experiences ...
EOS -1.10% · kcqxwujd.tumblr.com · 6h

Exodus From the Earth [Download] 25% Off

Tumblr is a place to express yourself, discover yourself, and bond over the stuff you love. It's where your interests connect you with your people.
EOS -1.10% · medium.com · 10h

An app for buying crypto with fiat

Interoperability tools like the ones featured in MESG will be the catalyst to generate significant user adoption of blockchains within real-world applications.
EOS -1.10% · trybe.one · 11h

Important! EOS Security. Guy Lost USD 120k Worth.

Yes, another tabloid headline. But let's talk a little bit about security. I'll try not to rant too much. But this is a topic that is being discussed too little IMO. First of all, in this relatively u...
EOS -1.10% · trybe.one · 15h

EOSmastering Talks to: Firedream

I just have to say that I'm really surprised and honoured about so many awesome people answering positive to my request to talk to  them. I have never done interviews before, so I'm open to suggestion...
EOS -1.10% · medium.com · 16h

EOS: A deeper look at the “Ethereum killer”

Indeed, this blockchain has a number of unarguable benefits compared to Ethereum and has the capacity to become the new industry standard which will bring blockchain mass adoption to the new level.
EOS -1.10% · twitter.com · 16h

Trade Now!

Buy, sell, exchange or hold digital money! Download deVere Crypto using connect code SM100 #deVereCrypto #bitcoin #exchange #trade #download #success #cryptocurrency #btc #litecoin #ethereum #ripple #...