We are excited to announce NEM has made a strategic partnership with OATH Protocol, a project building a decentralized, standard, and extensible public chain-agnostic protocol that protects dApp users’ rights and assets.

Blockchain Security should have two different layers: Technology and Governance. So far, we have only focused on information technology security, like ‘anti-hacking’ or ‘code review’. But Blockchain Governance is just as (if not more) important because every user needs it from time to time.

As the world’s first smart asset management blockchain, NEM obviously has a need for governance security besides the technology.

OATH’s dispute resolution protocol is modeled on the common-law jury system and utilizes blockchain, cryptographic algorithms, random algorithms associated with categories and attributes, jurors’ credit level, and case-tracking technology.

In the ecosystem of NEM, it can be integrated into the voting system. OATH provides an added layer of security and stabilizes the infrastructure to increase usability of the voting function of NEM by making the voting procedure fair and transparent. It provides a mechanism to resolve disputes in a decentralized and fair manner.