A central tenet of the $SPON ecosystem is the involvement of the community (token holders) to participate actively in the utility of the $SPON token.
Governance plays an important role in the following:
1. Dispute resolution
Token holders are given the opportunity to vote on the outcome of disputes between users on the Sponsee platform. Additionally, the training of the JURY™ Protocol also requires token holder input for hypothetical situations for its training data sets. Token holders which obtain the correct outcome for the purpose of JURY™ ‘s supervised training algorithm will be remunerated in additional $SPON for the work done.
2. Company direction
Being an advocate of decentralisation, we also encourage token holders to participate in the decision making process behind certain company related issues . Through the medium of debates, suggestion boxes and community-led voting events, token holders can decide on potential collaborations, roadmap events and feature releases.
The platforms on the $SPON ecosystem are given access to a proprietary blockchain protocol that governs dispute resolution. This protocol is known as the JURY™ Protocol.
By assigning token holders as individual nodes on the blockchain, work is done through the votes from each node to decide on the outcomes of every dispute resolution process.
Additionally, the JURY™ Protocol is also deployed with proprietary smart contracts that train the protocol to perform classification tasks for dispute resolution outcomes. These smart contracts leverage Natural Language Processing and Supervised Learning to accomplish the above. The end goal of the JURY™ Protocol is to be a self-sufficient system that provides dispute outcomes with a high degree of similarity to a human voter pool.