Oath uses the latest technologies to protect your payments with full refunds (without giving us control of funds) and preventing repeat scammers.
Oaths and Disputes
Oath is a legal court for the web. Before buying or selling with someone, you create an “oath” which is a legally binding agreement that is signed by both parties. If either party reports the exchange and files a dispute, our professional moderators will gather the required evidence and make a resolution decision. This process is transparent and public for everyone to see.
Once a resolution has been made, users must comply with it to continue using Oath. If users do not comply, Oath will aid the victim in pursuing legal action, forwarding information to authorities, and ensuring consequences for fraud. Learn more - Dispute resolution
Digital Vaults
Each oath has a digital vault that requires multiple people to access funds. This simple concept means that Oath can protect funds and be a tiebreaker in the case of a dispute, but never unilaterally control or block access to the funds.
Digital vaults enable a better model of payment protection where funds are neither controlled by one-party nor released until both parties are satisfied.
Learn more Blockchains upgrade payment protection
Changing the Game
In the case of a dispute, we help to identify scammers and provide a resolution.
Fighting fraud online is a lot like playing whack-a-mole. No matter how many times you catch a scammer, they’ll pop right back up and do it again with a new account / identity.
Oath changes the game played from whack-a-mole to an egg hunt.
In an egg hunt, after each egg is found, the supply steadily shrinks until nothing is left. On Oath, when we catch a scammer, we crack them like an egg, and they’re gone forever. That makes us the most effective fraud fighters on the web.
Verified Unique Identity
We change the game by ensuring that each user who enters the dispute resolution process on Oath belongs to a unique identity. The backbone is a facial verification system that takes a high-resolution 3D selfie. Using the same concept we use to open our phones every day with products like FaceID or Windows Hello, we can ensure that any individual fraudster will be automatically linked to their previous activity.
Furthermore, users can voluntarily verify their identity to show authenticity, increase their trust scores, and save money on fees! This is what Oath is all about: mutual verification that people are who they say they are, building trust, and real consequences for fraud. Scammers beware.
Web of Trust
The beauty of Oath is in its ability to continuously build trust and safety as it grows. For every oath that is created, identity verified, and dispute resolved, every single Oath user benefits. We’re stopping scammers by changing the rules and the game. Join us in bringing humans on the internet together to protect each other.