A quest for justice. Blockchain's next big advance.
We are a blockchain company with civil rights in our DNA.
Our founder, Mike Kanovitz, has championed civil rights in all of its forms, from protecting prisoners, to employee whistleblowers, to online privacy and other aspects of the burgeoning field of Cyber Civil Rights. After recognizing a need for consumer protection in the cryptocurrency space, Mike jumped in and built a specialized practice within Loevy & Loevy, the 100-person civil rights law firm he co-founded with Jon Loevy.
The need was great and the firm was deluged with requests for help. Some people had investment losses, others were victimized in phishing scams or could no longer access their private keys. Tragically, many had lost their life savings after converting it into cryptocurrencies.
Although the firm used its litigation expertise to help these clients, it quickly became clear that crypto consumer protection required a technological fix: blockchain providers had not included methods for consumers to enforce their legal rights on-chain. Moreover, the common belief in the space was that decentralization could not co-exist with effective law enforcement. The incumbents were not only failing to address the consumer protection problem, they were failing to perceive it as a problem. Better technology was needed, so Loevy & Loevy set about developing it.
Over the course of the next two years, our attorneys teamed up with blockchain engineers to reimagine how courts could interface with a decentralized network, and Jurat was born. We invented multiple solutions and filed the necessary patent applications. We came out of stealth mode in 2022.
Already, Jurat has been used in United States District Court and we have a Layer 1 blockchain – called JTC – which is being mined by attorneys from all over the country. JTC proves that blockchains can provide transaction reversibility consistent with every core protocol and norm of decentralization and our smart contract solutions provide a legal enforcement layer for DAOs and Web3. Together, Jurat’s technologies support mainstream adoption for decentralized businesses by incorporating the flexible legal remedies commerce demands.
Regulators too can rely on Jurat as a policy tool because it equalizes the enforcement options for decentralized services with that of their centralized counterparts. With these advances, Web3 is ready for mass adoption.
So, a quest for justice has led to blockchain’s next great leap.