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Jur Market Report #3 — Q2 2020
4 min read
Jur AG ("Jur") is publishing quarterly Jur Market Reports providing regular updates on the state of the market. This includes partnerships, institutional strategies, and relevant JUR token-related announcements. Jur, being a responsible stakeholder and a JUR Token holder, has chosen to be transparent about its token management to keep the community and other contributors informed. The current report refers to Q2 ‘20 (April 2020 - June 2020).  As a remark, future market reports will be published within 10 days from the end of the quarter in review to accommodate events that happen in the last days of the quarter. Q2 2020 Highlights   In the second quarter of 2020, the team focused mostly on tech development, business development, and network model improvement. Most of the results of the activities carried out in Q2 ‘20 will be announced over the Q3 ‘20. On the tech development side, Jur has successfully completed the porting of the Jur Beta Platform (which contains the basic feature of the Jur Editor and the decentralized ODR system, the Open Layer) towards the new VeChain’s Connex interface. This allows any user to connect to the Jur Beta Platform just by downloading the Sync browser. You can read more on this major improvement in the user experience and ease of adoption here.  Jur has also focused on two additional features mostly focused on the community side both for token holders and to gain adoption for its future products. These two features will be announced over the next quarter. To prepare the groundwork for the upcoming product that will be announced in the next quarter, Jur has started both product development and business development activities to create a strategic network of professionals and organizations for its launch. With this goal in mind and to be close to the community members during these difficult times Jur organized a series of global webinars. The main subject of the webinars has been: smart legal contracts, blockchain-based dispute resolution and dApp business modelling in the legal sector. The response has been overwhelming with an average participation of 133 registrants (90% legal tech lawyers) per webinar. Given the general numbers in the legal industry, this can be considered a successful activity. During these webinars, Jur got the chance to connect, talk and engage with around 300 law firms over 65 countries and 254 cities. Jur will be studying with each of these law firms ways to cooperate to grow the Jur’s ecosystem further.  Regarding the network model, Jur has focused its attention on analyzing and studying solutions carefully to ensure the ecosystem’s growth. A series of articles will be published over the next quarter as a result of this activity. This lays down the foundation for the upcoming product release. Private contributors The second release for private contributors has been issued as per the policy described in Jur Market Report #0. Jur distributed funds to all the private contributors that have replied to the first official communication sent for the purpose. For all the private contributors that are eligible to the distribution but did not reply to that communication please reach out through Jur’s official channels.    Team Distribution As a reminder, the Jur Team has decided to lock up their tokens for 12 months from the 28th Feb of 2020. Team Bonus Policy As a reminder, from June ‘20 onwards each team member in Jur has been awarded a bonus in JUR tokens according to its KPIs and the ability to grow the project and make it successful.  These tokens will be locked for 36 months starting from the month after which the activity is done and a maturation period of 12 months which is established for ensuring a win-win outlook, fair for both the team member and the project. Expenditure Report In the past quarter, the main operations done from Jur’s official wallets were regarding private contributors distribution and marketing expenditures: 8.009.798,16 JUR Tokens distributed as part of the quarterly batches of private contributors. Please note, some contributors did not provide the wallet yet. Jur will be distributing their due tokens as soon as their wallet addresses are received. 1.399.053,77 JUR Tokens were used for marketing advisory purposes during the COVID phase. Jur Wallets For providing direct accountability over the vesting period in place, Jur publicly shares information about its wallets. IEO supply: 10% of total supply Old Balance: 100.000.000Current Balance: 0 Transactions IDs: 0x5f849b62ffdd2b3beea298f4e1c0dc38974b1c9aab20d00afa3dd306d0217401 0x73e8ff2ac4a9df0e27a5948e0f7145e687870c9522bef152f59dc4cb987456fd Private Contributors: 10% of total supply Old Balance: 80.854.516,28Current Balance: 72.844.718,12*Transactions ID: 0xc01b26cd4b9525ad1b67a54fad53a8bff91ae01d Team, Scientific Committee and Advisors: 10% of total supply Old Balance: 100.000.000Current Balance: 100.000.000Transactions ID: 0xf346f1ab880d5b2cd0333bf69c280a732fa4a1c4 Company Reserve: 20% of total supply Old Balance: 200.000.000Current Balance: 200.000.000Transactions ID: 0x5d7fe18beff1c4f16115cb8cfcd87442a89d9278 Business Development, Tech & Operations: 50% of total supply Old Balance: 493.413.578,31Current Balance: 492.014.524,54Transactions ID: 0x747fa3858456f3978cc747ca4290111b933986d5 *Please note: a transaction that was carried out in July from this wallet is not part of the updated balance as it is out of the scope of the Q2 ‘20 report and will be included in the Q3 ‘20 report. Recent Highlights Find below a list of highlights from the past quarter. COMMUNITY Launch of the Official Jur Blog EVENTS Webinar - Smart contracts, ODR and blockchain, Uganda, with Africa Innovation Law and Tech Academy, 29/04/20Jur Legaltech Webinar - Smart contracts, ODR and blockchain, Greece, with ELONTECH, 12/05/20Webinar - Smart contracts, ODR and blockchain, South Africa, with Future Laws Faculty & Legal Hackers - Cape Town Chapter, 22/05/2020Finding Diamonds in the Rough: Four Use Cases, Switzerland, with SECA, 26/05/2020Webinar - Smart contracts, ODR and blockchain, Swiss Legal Tech Association, 27/05/2020Webinar - Smart contracts, ODR and blockchain, Mexico, Legal Hackers Guadalajara, 04/06/2020Webinar - Smart contracts, ODR and blockchain, China, with Zhong Lun law firm, 10/06/2020Webinar - Smart contracts, ODR and blockchain, Italy, 4cLegal, 18/06/2020 TEAM Suhail MTM joins Jur as a senior backend developerMatija Kontak joins as the first legal intern after Lab for New Justice R&D initiative with Radboud University TECH JBP migration from Web3 to VeChain’s native Connex interface R&D Ludovica Troili publishes her thesis on International Arbitration and the challenges with the new technologies with one chapter dedicated to Jur’s Court Layer, 22/06/2020Conclusion of Lab For New Justice with IE Segovia, 22th Jun 2020 MORE Read about Jur’s monthly activity (from August 2019)Jur Market Report #2, 31 March 2020Jur Market Report #1, 31 December 2019Jur Market Report #0, 10 September 2019 Do you want to follow all the updates about Jur?

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Tech updates: Jur Beta Platform migration to Connex
JBP new release to improve user experience While there has been a lot of ongoing activities in our development, a high priority of ours was to migrate the Jur Beta Platform to use Connex in place of Web3. This decision was taken to ensure the future development of our dApp and to make sure that we get the most out of the VeChainThor blockchain. Having a native, direct and well-supported channel to communicate with the blockchain is an important element for us as interactions on the Open Layer require users to be updated almost in real time. Most importantly, by using Connex, anyone can now access the platform by just downloading the Sync browser and using our dApp natively (without any third party plugin installation as it was the case before). Download the Sync browser, hit the URL beta.jur.io and you are all set to enter the decentralized world. Migrating the whole dApp took us a bit of time as the team was hands on with several other things but I am happy to announce that finally v.0.9.3 is out and you can use the Jur Beta Platform through the Sync browser. JBP v.0.9.3 running on Sync v.1.2.5 Moving forward the team will concentrate on the next steps of the roadmap, namely the “Court Layer” but we will keep expanding and experimenting with our dApp, always with a vision in mind of bringing the concept of microjustice to reality. We strongly believe that a decentralized ODR is a good approach to solve micro claims that are otherwise almost impossible to tackle with traditional solutions. I am leaving the word to our technical lead, Marco so that he can explain to you more in depth what this new release has meant. L. Y. Daniel Migrating JBP from Web3 to Connex The previous technology stack for the Jur Beta Platform (and more specifically the Open Layer) was made using a combination of: Drizzle, Truffle Contracts, Web3 encapsulated with Thorify to allow the Comet Wallet to sign. As you can guess, a quite complex stack to maintain. After the migration to Connex we only deal with one single dependency at a low level  to interact with VeChainThor,. This is quite cool  but here comes the difficult part, we had to rebuild from scratch any smart contract interactions on our dApp. The “biggest” challenge in completing this migration was related to changing the entire paradigm related to the dApp event listening, the foundation of the entire application. We've been able to do this with less friction thanks to the proper analysis done at the beginning of the dApp development, which basically ensured a proper separation of concerns in any single component of the dApp. This is so helpful in such a "real time" changing technology like blockchain and it is important that anyone building a dApp keeps this in mind as the complexity of their project grows As always, choose wisely the right tools, dependencies and constraints for development, as that can make your life easier even more than you expect. Marco Marasco Changelog ConnexJS connection implemented into the dApp. It is now the only future proof available method to connect to VeChainThor in order to read and write smart contracts;Comet and Web3 (still on version 1.0.0beta37) are now deprecated and will no longer be usable to access the platform.Users need a browser supporting ConnexJS like the official Sync Browser developed directly by VeChain (Github).Created a transaction/event listener that will react on each event emitted by smart contracts with proper actions to complete every operation correctly that involves every user involved in the contract or dispute. References Jur Beta Platform (v.0.9.3, mainnet)Comet (now deprecated in JBP)Connex (Github)SyncWeb3
Jur’s Solutions are brought into the Academics
Ludovica Troili is a trainee lawyer, recently graduated at the University of Roma Tre in Law with a thesis in International Arbitration. Her work, entitled “International Arbitration and the challenges with the new technologies”, focuses on smart contracts and the lack of a dispute resolution method. That’s why she dedicated the last chapter of her thesis to Jur’s online courts. This article has been written by Ludovica Troili. As someone passionate about International Arbitration, after having deepened it both at a theoretical and practical level, I was looking for an innovative topic to develop in my thesis project. During my research, I came across a conference organized by the Court of Appeal in Rome regarding the impact of new technologies on ADR systems, thus, from that moment, I have made my decision. If my initial goal was to explore the new frontiers of arbitration, I, finally, found myself studying blockchain technologies and, then analysing what may be their potential impact in the legal area. This has been the main question that I have tried to answer through my thesis. Hence, it is now necessary to take a step back to explain how I got there. At first, as a beginner in the blockchain world, I devoted myself to unbridled research, by the means of books, manuals and every document on the subject available and participation in conferences, seminars, and events on the subject. During this period, I had the opportunity to debate the topic with numerous experts in various fields: mainly, (i) the professional used to employ the blockchain technologies in his/her daily activity; (ii) the student/post-graduate with a passion for this “new” economic system; (iii) the engineer or the computer technician involved with the language code and all its potentialities; (iv) the lawyer with a focus firmly directed towards the future. At the end of my research, the most relevant aspect I have found was the high percentage of leading experts in new technologies and blockchain, all sharing a total lack of interest and consideration for the impact that the operations undertook with these technologies could have on a legal level. As a legal specialist, I find it impossible to exercise any kind of business activity, without the awareness of the aspects and the legal implications connected with it. Therefore, once noted all those people who used to implement their activities through the blockchain technologies – without any regard to the legal protection that they could have had nor to the legal consequences that these operations which implemented in the virtual world could have had in the physical world –  has made it imperative to me to study a solution to overcome this significant gap. The latter represented, later on, the very heart of my thesis project. At the end of this path, I found myself with the handing over of my Paper, while at the same time, the COVID-19 began to expand world-wide, with the result that, in the middle of the pandemic, I graduated online in mid-March. This degree has been a clear demonstration of how such a dramatic situation has brought everyone, even the most reticent ones, closer to the daily use of technology. What was once perceived as an option has become a need, and in the past weeks, as a legal specialist, I have been able to analyse how such a need was felt within the legal area. In Italy, both many judicial and extra-judicial bodies have made a significant effort to implement remote hearings and, further, most law firms have facilitated the possibility to hold meetings in videoconference. All of these to sum up to the sponsorship of a huge number of webinars that are spreading on the Internet, in order to promote the running of distance conventions and seminars. Everyone is striving to avoid that the isolation and social distancing do not also involve immobilization of the life of each one. It is hoped that such a motivation to eliminate the distance between the legal area and technological evolution would work as a starting point for an even closer future collaboration between these two worlds. In this regard, in my thesis project – based on the convergence between these two areas – I analysed the advent of blockchain technologies and its legal implications. More specifically, the purpose is the one to deepen the issue of smart contracts and the lack of a dispute resolution mechanism, proposing, then, International Arbitration. The subject is introduced through an overview of the definition of blockchain technologies and, especially, smart contracts, dealing with their main features, functions, and practical application. After highlighting the technical characteristics of the said tools, the Paper shifts to their legal evaluation. As a result, doubts arise with regard to the legal nature of smart contracts, by leading, inevitably, to significant uncertainty about their jurisdiction and the suitable method for settling disputes. Given the numerous different views on such issues, a possible solution can be found in the figure of smart legal contracts, a hybrid version of smart contracts, where both the human language form and the code form of a single contract are combined and anchored within a valid legal framework. It is, in fact, a traditional contract able to be executed entirely or partially by a machine, the contracting parties will thus be able to take advantage of the automatic performance through the smart contract, having, at the same time, a traditional version of the contract which expresses in detail the agreed terms and conditions. Against this background, the Paper suggests the applicability of International Arbitration as the perfect candidate to facilitate the settlement of transnational disputes arising from such kinds of “digital agreements”. In this way, it would be possible to overcome all the above-mentioned doubts though a neutral procedure, supported by a body of legal experts specialised in the present field, with a flexible procedure tailor-made by the parties, and, finally, characterized by the binding character of the final decision taken by the Arbitral Tribunal, recognizable and executable in more than 160 countries. Follow Ludovica on Linkedin In the last chapter of the thesis, in order to provide a practical representation of what has been said on a theoretical level, I reported the case study of Jur, a platform based on blockchain technology, which enables, firstly, every kind of users (even the ones with zero knowledge in legal / tech matters) to create smart contracts and initiate activities on the network, supported by technical and legal experts all around the world, secondly, it grants the parties to choose over three different ways to solve every eventual conflict, according to their needs (Open Layer; Community Layer; Court Layer)*. The above describes the possibility to settle disputes, of any nature and size, in an online procedure implemented on the blockchain, by virtue of all its inherent advantages, such as the possibility to save costs and time, to process a large volume of data in a fraction of time with no margin of error, to securely implement the proceeding due to the high cybersecurity and cryptography, and to manage original and authentic legal documents, given the immutability of the platform. In view of the above considerations, the hope is that what right now has been implemented as an exception may, in the next future, be confirmed as the rule. [Editor’s note: Jur is currently developing a new platform, called Open Justice, that sums up the theory behind the above-mentioned Court Layer to provide a fast, reliable and completely online procedure for dispute resolution world-wide] *See Jur’s white paper for more information Do you want to follow all the updates about Jur?