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Jur Market Report #5 — Q4 2020
3 min read
Jur AG ("Jur") publishes 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, chooses to be transparent about its token management to keep the community and other contributors informed. The current report covers Q4 ‘20 (October 2020 - December 2020).  Market reports are published within 10 days of the end of the quarter in review to accommodate events that happened in the last days of the quarter. Q4 2020 Highlights   Jur has been selected for the MDR Lab’s 2020 acceleration program “Improve”. The Lab's activities started in December 2020 with the goal of accelerating the product-market fit reach of Jur. Jur successfully executed and delivered its part of the work for LawtechUK. As previously reported, Jur won the public procurement for phase 1 of the feasibility study for the national ODR platform for SMEs in the UK.  Further announcements will be preceded by the institution’s press agency. The OECD selected Jur as a legal tech startup for the Blockchain Policy Forum 2020. Jur has been one of the spotlight startups, receiving exposure and introduction to institutional networks and policymakers.  Jur team growth continued with the onboarding of the new visual designer, Tonmoy Rajkhowa, who will lead the design of the upcoming Open Justice Platform.  The educational activities of Jur continued in cooperation with the Mumbai Arbitration Centre for International arbitration and a second chapter with IE University with the Madrid campus. Jur Webinar series has concluded seeing 12 webinars having an average of 133 participants (~90% legal tech lawyers) from 65 countries and 254 cities. Private contributors The fourth release for private contributors has been issued as per the policy described in Jur Market Report #0. Jur distributed JUR Tokens to all the private contributors that have replied to the official communication sent for the purpose. If you are a private contributor that is eligible for the distribution but did not reply to that communication, please reach out through Jur’s official channels. Company Reserve Despite the statement contained in Jur Market Report #0, Jur has not yet defined a detailed plan of usage for tokens contained in the Company Reserve wallet. Until further notice, these funds are locked up indefinitely. Expenditure Report In the past quarter, the main outflows from Jur AG’s official wallets were distributions to private contributors and marketing expenditures: 41,400,554.73 JUR Tokens distributed as part of the quarterly batches for private contributors. Please note, some contributors did not provide their wallets yet. Jur will be distributing their due tokens as soon as their wallet addresses are received so this might happen at any time during the next quarter. 70,005,000.00 JUR Tokens distributed as follows:50,000,000 JUR for a strategic initiative that will be announced by Q2 ‘21 and linked to this specific transaction that for the time being will be under an NDA;20,000,000 JUR as part of internal accounting compliance. These funds might be moved but they can be considered locked up; 5,000 JUR as reward distribution for the Jur Academy initiative in Radboud University. All winners have been awarded. Jur Wallets To provide direct accountability over the established vesting period, 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: 67,442,918.87Current Balance: 26,042,364.14Wallet ID: 0xc01b26cd4b9525ad1b67a54fad53a8bff91ae01d Team, Scientific Committee and Advisors: 10% of total supply Old Balance: 100.000.000Current Balance: 100.000.000Wallet ID: 0xf346f1ab880d5b2cd0333bf69c280a732fa4a1c4 Company Reserve: 20% of total supply Old Balance: 200.000.000Current Balance: 200.000.000Wallet ID: 0x5d7fe18beff1c4f16115cb8cfcd87442a89d9278 Business Development, Tech & Operations: 50% of total supply Old Balance: 489,014,524.54Current Balance: 419,009,524.54Wallet ID: 0x747fa3858456f3978cc747ca4290111b933986d5 Recent Highlights Here are the highlights from the past quarter. ANNOUNCEMENTS Jur to Start MDR LAB Legal Tech Acceleration ProgramJur Selected By OECD As Representative of the Startup Legal Tech Ecosystem COMMUNITY Legal Engineer, Luigi Cantisani, continued a series on Quora which started on Q3 2020 to spread awareness on Online Dispute Resolution as an alternative dispute resolution methodologyLegal & Justice Tech Webinars 2020: Learnings from a Global CommunityElevator pitch during OECD showcaseThe Statue of Open Justice - A visual tribute to the Jur Community EVENTS IE University in Madrid and Jur to launch interactive seminar ‘Smart Contracts and Blockchain’Cardiff University Law Society EventJur delivers a Professional Certificate Course with Mumbai Centre for International Arbitration (MCIA)King's College IP Law Clinic eventPadua University's Course on Smart Contract and BlockchainInnovation and Technology Law Lab (ITLL)Happy New Year’s Eve by Jur TEAM Block&Chai(n): Meet Tonmoy, Our Visual Designer MORE Jur Market Report #4, 8 October 2020https://jur.io/blog/news/jur-market-report-4-q3-2020/ Jur Market Report #3, 10 July 2020https://jur.io/blog/news/jur-market-report-3-q2-2020/ Jur Market Report #2, 31 March 2020https://jur.io/blog/news/jur-market-report-2-q1-2020/ Jur Market Report #1, 31 December 2019https://jur.io/blog/news/jur-market-report-1-q4-2019/ Jur Market Report #0, 10 September 2019https://jur.io/blog/news/jur-market-report-0/ Subscribe to our newsletter and keep up with the latest news about online dispute resolution and legal tech.
Jur Team
2 weeks ago

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Legal & Justice Tech Webinars 2020: Learnings from a Global Community
We ran 12 webinars over the first 6 months of the pandemic to talk, connect, and engage with the legal and justice tech community all around the world. Here’s why. When the COVID-19 pandemic changed our lives, we decided to start a series of webinars all around the world to connect with our community and do something meaningful in a time where things were out of the “normal” routine. We thought of a format along these principles: We wanted to do it differently. Our webinars were not meant for any commercial purpose as we thought that would have not given an objective value to our audience. That's why we kept it free from time-consuming explanations of our products and instead focused on academic-level talks on smart contracts, blockchain and dispute resolutionWe thought that quality shouldn't come with compromise. That's why we left the participation free for all, and gave the option only to those who were really interested in Jur and our activity in the legal and justice tech industry to receive our newsletter updates. The initial goal of this program was to offer value through the digital channels, which were the only ‘places’ available at the onset of the pandemic. In order to make these uncertain times less frustrating, we thought of doing what we do best: looking into the future and providing value for our community. The results have been above expectations. These activities allowed us to engage with legal and justice tech enthusiasts, lawyers, arbitrators, professors, policymakers and students around the world. On average, each webinar had 133 participants (~90% legal tech lawyers), in which we got the chance to talk, connect, and engage with people coming from 65 countries and 254 cities who are all passionate about shaping the future of legal and justice tech. This impressive result for the legal and justice tech industry would have never been possible without the help of the amazing members of our extended Jur Community.  We would like to thank all the legal tech communities and organizations that co-hosted these amazing and productive webinars with us: Uganda 🇺🇬 with Alice Namuli, Head Innovation and TechnologyGreece 🇬🇷 with Mantalena Kaili, Policy Advisor, LLM-MediatorSouth Africa 🇿🇦 with Kristi Erasmus, Head Of Faculty at Futures Law Faculty Switzerland 🇨🇭 with Rolf W. Guenter, Executive Board Member at Swiss Legal Tech Association Mexico  🇲🇽 with the Guadalajara Legal Hackers Chapter China 🇨🇳 with Fan Xiaojuan Italy 🇮🇹 with 4cLegalIndia 🇮🇳 with Madhvendra Singh, International Arbitrator, FCIArb Cyprus 🇨🇾 with Anna Plevri, Assistant Professor at University of NicosiaAustralia 🇦🇺  with Eli Bernstein, Fintech & Commercial LawyerUganda 🇺🇬 and Tanzania 🇹🇿 with Alice Namuli and Madeline Kimei, Arbitrator & ODR ExpertsQatar 🇶🇦 with Georgios Dimitropoulos, Associate Professor of Law at Hamad Bin Khalifa University The reward and the enthusiasm that came with it has no price.  https://www.youtube.com/watch?v=QmwxPTKqGPo&list=PLsApGj_CztCU5OhSXOQ1fKm7CUTOuojLs&ab_channel=JurOfficial Take a look at Jur's YouTube playlist for the recorded versions of the webinars In a personal note from our CEO Alessandro Palombo: Honorable mentions to Raffaele Battaglini, Luigi Cantisani, Federico Angeloni, and Jur’s co-founder Luca Y. Daniel for being consistent and present in all the events. The further collected feedback from each community will allow us to improve the content of our future webinars and make it more tailored to the needs of the specific community. We have come a long way since March when I published a post about Jur being united at distance, over these hard times. Happy to see that we have made great progress in positively affecting so many professionals around the globe despite the challenges.Alessandro Palombo, CEO of Jur Want to know how legal tech is going all around the 🌎?  We’ve got just the thing! Thanks to our webinars, we met over 1,000 new friends from 65 countries and 255 cities who shared some interesting facts, insights, and even a few quick-witted anecdotes about how legal tech is going at their side of the world.  And we’re excited to let you in on some of the secrets 😉 Simply comment ‘#legaltechworld’ on our LinkedIn post or talk to us on Twitter, and if we reach 20 requests we’ll share the ‘Legal and Justice Tech World Map by Jur!  We are developing the first multi-jurisdiction online dispute resolution platform, the Open Justice Platform. Learn more.
Jur Team
1 month ago
IE University in Madrid and Jur to launch interactive seminar ‘Smart Contracts and Blockchain’
Jur is pleased to announce the successful completion of the fourth University Seminar on Smart Contracts, Blockchain and Dispute Resolution in its series of events with some of the most respected law faculties around the world. Following the success of its seminars at Radboud University in the Netherlands, Hull University in the UK, and the IE University at their Segovia campus, Jur returned to Spain at the invitation of IE University’s Madrid Campus. IE University, Spain The first seminar with IE University was a 'Smart Contract Competition' conducted at the IE University campus in Segovia. This time around, the Jur team virtually landed in IE University’s Madrid headquarters for a course consisting of 9 hours of interactive sessions called ‘Smart Contracts and Blockchain’. During the seminar that took place between the 20th of November and the 4th of December, students were introduced to the core topics of blockchain, smart contracts, and online dispute resolution. They were given hands-on training, guided by Jur's experts, in creating smart legal contracts, and experiencing the entire flow of Jur’s Online Dispute Resolution (ODR) system. The seminar’s interactive hands-on approach opened the opportunity for students to contribute their ideas to help in the development of effective solutions for online dispute resolution. Due to COVID-19 prevention measures, the seminar was fully online. The interactive sessions took place partly during the lectures and partly as assignments. Likewise, participation in the ODR system simulation was carried out online — in a perfect match with Jur's spirit of innovation towards online processes. Luigi Cantisani, legal engineer, Shuchi Tyagi, blockchain developer, and Michele D’Asaro, R&D for Jur led the meetings at IE University. They guided the students through a deep dive into the main concepts and practice of dealing with Smart Legal Contracts and ODR on the blockchain. IE University offers our undergraduate students tech-bites open to all students who are not majoring in the field. IE University, together with Jur, launched this seminar, taking its commitment to technology immersion in the learning environment to the next level.Juan Alcalde, program coordinator The team touched on wide-ranging topics from blockchain and use of smart contracts to game theory — which is the underlying framework for the Jur Beta Platform’s dispute resolution system, Jur's first dApp.  Jur believes that the interaction with academic institutions where students and faculty are focused on legal and technical analysis  is fundamental for a solid, updated, and scientific approach to the challenges it is tackling.  Law students are the future of the legal profession and they need to possess the best possible skills according to the market requests. Raffaele Battaglini, CLO of Jur "The current trend requires that lawyers possess computer science knowledge and feel comfortable with new technologies. Such hands-on events, which involve students in the flow of platform use and design, are a fundamental step towards the future of the legal profession and the widespread development of effective legal tech solutions." - He added. News of the seminar was enthusiastically received by the students and it was rapidly filled. Given the different backgrounds of the students, the seminar offered the opportunity to explore ideas and solutions enriched by the principles of diversity and collaboration, principles that are at the core of Jur's philosophy of innovation. IE Law School drives innovation in the legal world, training global lawyers that standout for their passion for entrepreneurship and humanistic spirit. Jur is the World's first Multi-Jurisdiction Online Dispute Resolution Platform. We are developing the first multi-jurisdiction online dispute resolution platform, the Open Justice Platform. Learn more.
Jur Team
1 month ago