A Global, Borderless Justice System called the DAMN
On the wake of the DAO fiasco, Third Key Solutions, a company which provides consulting and cryptographic key management solutions for companies using decentralized digital currencies, distributed blockchains, and asset-tokens, recently released a proposal for public comment to the [Ethereum] community for a global and borderless justice system coined as the Decentralized Arbitration and Mediation Network or the DAMN.
According to Andreas M. Antonopoulos, a California-based information security expert, tech-entrepreneur and author, the DAMN would be an opt-in justice system for commercial transactions. One that serves the community. Designed by the community, for the community. A robust system, that can address simple issues quickly and inexpensively, but can also address complex issues when needed. One that offers options, layers of choices, like who will decide (with options of one person or algorithm, pools of random jurors, pools of experts, collaboration of the parties, a mediation DAO, etc.), how long the decision-making process will take, and whether the dispute and the resolution will be made public or remain private.
This is a developing story. To learn more about the premises and strategic vision of this research project, click here.