Bringing TradFi Insider Data to DeFi for Decentralized Dispute Resolution
The protocol resolves disputes by acquiring first-hand evidence from anonymous Insiders in TradFi companies such as payment systems. The evidences are sent to the decentralized courts where people get trust-less justice service. Decentralized P2P exchanges, on-ramps and many more dapps need permission-less dispute resolution to be able to work in a truly decentralized manner. One of the biggest bottlenecks for crypto adoption is the centralized on-ramps and P2P markets. Decentralized on-ramps and P2P markets need decentralized dispute resolution to prevent abuse of power by regulators etc.
Multiple innovative approaches are used in Insidera:
The project is a decentralized and unstoppable insider data provider for web3. It works where APIs don't. Its role will be more significant if regulators force TradFi to disconnect from DeFi. P2P exchanges and decentralized on-ramps are needed to battle agains censorship. but such products will face disputes. How can a decentralized ramp or exchange resolve disputes in a private and secure way?
Anonymous insider data the answer! We're building a protocol to safely bring such data to web3.0 for good. The protocol uses gives incentives to the crypto community to find and verify insiders working in their favorite payment methods in TradFi. Once insiders pass carefully designed Quests, they can vote on disputes and provide evidences to guardians who make decisions in the so called "DeCourt or Decentralized Court". Each role has its own checks and balances to play rightfully in this social game.
Appeal makers can be third-party protocols who need disputer resolution service or individuals who request dispute resolution on the protocols interface. DeCourt charges DAOs a fixed 5% fee for judging.
Technologies: