Smart contracts are vulnerable and have led to major losses due to hacks and bugs. Traditional legal systems are unable to adequately resolve disputes that arise from smart contracts due to technical and logistical challenges. Sage's technology aims to increase transactional confidence for smart contracts by providing an alternative dispute resolution system tailored for blockchain and crypto disputes.

1. The challenge of
smart contracts

2. smart contracts are vulnerable and do not provide
transactional confidence

3. In 2017, 1.13M ETH (now roughly over 1 billion
dollars) was lost in smart contracts.
And hard forks to make these incidents “right” means
the blockchain chooses winners and losers
-Reddit post responding to the DAO 2016 hack which caused Ethereum to hard fork

5. Result: Increased transactional confidence in smart contracts

6. TRADITIONAL LEGAL IS UNABLE TO RESOLVE
SMART CONTRACT DISPUTES
• Logistically difficult to file a complaint due to lack of identity of
contracting party (there is no one to name in the complaint or serve
papers to)
• Traditional legal system lacks technical capability of enforcing any
judgment
• Ability to manually administer enforcement/collections requires that
smart contract be architected to allow for it (via our SDK)
• Unfriendly forum that does not understand crypto
• Expensive and difficult (requires expert witness to interpret smart
contract)

7. USE CASES: FINANCIAL SERVICES
$468 Billion Market Size in securities class
action litigation alone in 2016
• 44% of lawsuits were for securities laws violations
• Settlement and recession will need to be handled manually. It’s
difficult to code into the smart contract.

8. USE CASES: SUPPLY CHAIN, LOGISTICS, TRANSPORTATION
$450-750 Billion dispute market by 2023
“What you’re building is critical to our
ecosystem. It’ll give vendors confidence about
coming onto the blockchain.”

9. USE CASES: CONSTRUCTION FUNDING
Size of construction dispute market in 2003: $5 Billion
“[T]he construction industry…[is] really the
industry that sponsors our work.”
Mark Appel, senior vice president of the American Arbitration Association (ENR 2000)

10. We want to hear what’s not working
Telegram: sagecoinnetwork