Decentralized Arbitration Court

If a dispute arises between talent and hiring entities, it may escalate to the Decentralized Arbitration Court (DAC) unless both parties reach a resolution.

$BDXN lockers that wish to participate in the arbitration process act as jurors. The parties involved in the dispute have a three day window in which to present evidence of transgression and/or breach of agreement. After this period has elapsed, each juror has a week in which to examine the evidence provided and make a binary decision about who they deem to be the aggrieved party.

At the end of the period once jurors have voted, the results are revealed. If the hiring manager is deemed to be the aggrieved party, any payment/bounty they put forth is returned to them. If the talent is deemed to be the aggrieved party, any payment from the hiring party still held in escrow is released into their possession.

Jurors that vote on the losing side of the court, have 25% of their staked $BDXN confiscated and shared equally among the jurors on the winning side. This incentivises jurors to reach a Schelling point, and vote in the way they believe the majority will achieve consensus.