NEM partners with OATH protocol for protecting dApp users’ rights and assets

nem oath protocol

NEM has partnered up with the OATH protocol to build a decentralized, standard, and extensible public chain-agnostic protocol that protects dApp users’ rights and assets.

What is OATH protocol?

OATH is modeled on common law jury system and makes use of blockchain and cryptographic algorithms and case tracking technology.

Steve Li, Leader NEM China says,

Oath protocol is an innovative way to give NEM a better experience on votingsolution. With Oath protocol build on NEM, we believe NEM is getting more and more recognition from app and protocol builder among the blockchain industry. This relationship will surely benefit both Oath and NEM community.

Their partnership with NEM is a strong security upgrade to blockchain and at the same time, it provides a layer of security to existing NEM users by equipping them with a mechanism to resolve any issues arising from use of the chain.

Flora Fang, Leader NEM Taiwan

OATH protocol provides the most important and missing link in blockchain security — dispute resolution and governance mechanism — that is crucial to our chain. We are committed to the management of smart asset allocation on the blockchain, and its use symbolizes full fairness and equality. The decentralized reward mechanism provides a safe and easy-to-use solution and application portal for peer-to-peer payments. On our chain, OATH will serve as a backbone to provide fair and efficient dispute resolution. We are excited about and look forward to our cooperation.