A smart contract is a computer program that automatically runs on a blockchain, and which carries out the terms of an agreement between people. The legal enforceability of these agreements is currently unclear, since they’re new to courts. We want to make them legally and practically enforceable.
A Digital Legal Agreement (or “DLA”) is the new format Juris has created for online agreements. It contains (1) a natural language agreement (like the ones you’ve seen and signed), (2) the smart contract that is programmed to carry out that agreement, and (3) the history of that agreement. When a dispute arises, the DLA will be the first thing an arbiter looks at to see what happened between the parties.
If you want to make an agreement, you first choose a template DLA from our open source library. Then you customize that template DLA’s natural language agreement to suit your situation. You might want to ask one of the Juris attorneys for help. Then you ensure that the smart contract is designed to execute that natural language agreement. You might want to ask one of the Juris coders for help. Then you’re all set to sign the DLA and deploy it to a blockchain!
We’re tokenizing Juris for a few different reasons. (1) Tokens will allow the Juris community to participate in the governance of the Juris system and to decide how best to design Juris. Eventually, we want to fully transition control to the token holders. (2) Tokens will allow us to build an incentive system so that individual actors are incentivized to build the Juris that the community envisions. (3) Tokens will allow users to access Juris services without the costs and delays that come with fiat.
Nope! We’re building something big at Juris and we’ll need all kinds of help beyond the kind lawyers can give. Just to name a few, we’ll need to translate languages, fix typos, identify jurisdictions, tag issues, and weigh in on cases.
Right now, you can’t because we’re still building the system. But soon you’ll be able to earn tokens by doing a host of different things that add value to the Juris community. Your first step is to create a JurisID. Your next is to find a project that needs help.
We don’t want to do an ICO for a few reasons. (1) We don’t want to do a cash grab. In an ICO, issuers ask for money and promise a valuable service later. We want to provide a service first, then let the market decide whether its valuable. (2) JRS is a utility token and we want to keep it that way. If we did an ICO, it would be a security in the eyes of regulators. (3) By giving away the token instead, we can grow our community faster.