VAIOT’s Plans for Q4–2024

What’s Next for VAIOT: Entering the multi-billion industry of Legal Tech in 2024

Key Takeaways:

• VAIOT is set to finalize and launch Legal Torch in Q4 2024, initially rolling out in Malta, followed by expansion into other EU countries.
• Decentralized Dispute Resolution System (DDRS) will be launched, providing a transparent and efficient alternative to traditional arbitration.
• VAIOT’s Decentralized Law (DeLaw) ecosystem aims to combine the capabilities of Legal Torch and DDRS to provide a holistic, AI-powered legal platform. This ecosystem is poised to transform how businesses create contracts, resolve disputes, and navigate legal complexities across multiple jurisdictions in the coming years.

As we approach the end of 2024, VAIOT is on the verge of major developments that will shape the landscape of decentralized legal assistance. With the dual launch of Legal Torch (market launch) and Decentralized Dispute Resolution System (open beta), VAIOT is well-positioned to establish a comprehensive ecosystem for DeLaw (Decentralized Law). This vision combines AI-driven legal assistance and blockchain-based arbitration into a cohesive platform, significantly changing how legal tech is accessed and executed.

In this article, we explore VAIOT’s roadmap for Q4 2024, highlighting the key milestones for both Legal Torch and DDRS, and how these products work together to build the future of decentralized law (DeLaw).

Legal Torch: The Flagship of VAIOT’s Ecosystem

Legal Torch is VAIOT’s core product, designed to deliver AI-powered legal services to businesses and individuals alike. By combining artificial intelligence with a decentralized infrastructure, Legal Torch is a comprehensive legal tool that works as a contract management system which hosts a thrilling mix of technologies to simplify business operations. Some capabilities include access to the domain-specific AI legal assistant capable of finding the contracts needed, enhancing the drafting experience of contracts and supporting business negotiation with the addition of the DDRS module.

Legal Torch’s AI-assited document editing feature

The development of Legal Torch is progressing swiftly as VAIOT prepares for a market launch by the end of 2024. Here’s what’s next for Legal Torch:

1. September-October 2024: The final stages of version 1 of Legal Torch will be completed. This includes extensive testing, both internally and with specialized partners, to ensure a smooth and secure launch.
2. October-November 2024: Public launch of Legal Torch, with the initial roll-out in Malta. This launch represents a major step forward, bringing the platform’s capabilities to businesses and legal professionals in the region.
3. Q1 2025: Expansion to a second European Union country (to be revealed), where VAIOT will collaborate with local law firms to tailor the platform to the local legal framework. This involves preparing legal document templates with the support of Grant Thornton, training the AI based on user feedback, and building a network of institutional early adopters.

By the end of next year, Legal Torch will provide an accessible, intelligent legal assistant capable of assisting in contract creation and legal processes in several European markets. The platform’s integration of blockchain technology ensures transparency and compliance, allowing businesses to operate confidently across borders.

Decentralized Dispute Resolution System (DDRS)

VAIOT’s Decentralized Dispute Resolution System (DDRS) will offer a transparent, efficient, and decentralized solution for handling contract disputes. With DDRS, businesses and service providers can settle conflicts through an AI-supported, juror-driven arbitration system that operates independently of traditional courts.

DDRS’s landing page first draft

The roadmap for DDRS in Q4 2024 includes several critical milestones:

1. Jury/Voter Onboarding & KYC Module: The backend and frontend development for the KYC module and juror onboarding is in its final stages. The first group of KYC-verified jurors will be onboarded and added to the pool in the coming months.
2. Finalization of DDRS Core Features: Both the Transaction Negotiation and Dispute Creation module and the Decentralized Dispute Resolution module with its built-in Jury/Voter onboarding system are set to be finalized, with an integrated AI layer to support the entire process. This will ensure that jurors are selected, evidence is analyzed, and disputes are resolved in a timely and efficient manner.
3. Community Testing: Following internal testing, VAIOT will begin external, community-based testing of the DDRS application. This stage is crucial for gathering feedback, refining the system, and ensuring its functionality across a variety of use cases. Bug fixes, feature enhancements, and improvements will be rolled out based on the results of these tests.
4. Juror Ranking System & Gamification: A juror ranking system will be implemented, incentivizing jurors to participate through a gamified experience. Jurors can earn XP points and rise through ranks (from Juror all the way up to a Supreme Judge), creating an engaging and rewarding experience for participants.
5. VAI-Payback Integration: The VAI-Payback system will be integrated into DDRS, ensuring that jurors are compensated fairly for their contributions to dispute resolution.

With the launch of DDRS, VAIOT aims to provide a reliable and decentralized alternative to traditional legal arbitration, giving businesses the ability to settle disputes in a fast, cost-effective manner.

Big Open Beta Test Campaign for DDRS coming soon… Get ready!

After the Product Launch of Legal Torch in Malta (EU), VAIOT will launch an open beta testing campaign for the Decentralized Dispute Resolution System (DDRS).

This testing period will allow the community to engage hands-on with the DDRS platform and provide critical feedback before its official launch. To incentivize participation, VAIOT will run a giveaway campaign where users can earn VAI tokens for completion testing milestones.

Announcements about sign-up details, the testing schedule, and token rewards will be shared in the coming weeks.

The open beta will provide a controlled, real-world trial of DDRS that will help fine-tune features like the juror ranking system, dispute creation workflows, and AI integration. It will also help identify any remaining bugs or areas for improvement before a wider rollout.

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The Vision: DeLaw Ecosystem

Successful completion of the beta campaign and incorporation of user feedback will enable DDRS to be seamlessly integrated into Legal Torch, bringing dispute resolution capabilities directly into VAIOT’s flagship product. This will mark the initial coming together of Legal Torch and DDRS as the first step towards combining these platforms into VAIOT’s vision of a Decentralized Law (DeLaw) ecosystem.

DeLaw Ecosystem Explained

Integration of Legal Torch and DDRS

The integration of Legal Torch with DDRS is scheduled for 2025, creating a seamless workflow between contract creation and arbitration. This integration will allow web2 users to take the most of web3 technology by being able to draft contracts in Legal Torch, with the option to embed DDRS clauses directly into their agreements. If a dispute arises, the smart contract will automatically activate DDRS, enabling both parties to resolve the conflict without leaving the platform.

This integrated approach ensures that businesses and individuals can manage their legal processes in one place, with the support of AI for drafting, negotiation, and arbitration. The ultimate goal is to provide a complete DeLaw solution, where users can navigate the complexities of legal agreements and conflicts with confidence, speed, and transparency.

Future Expansion and Growth

Looking beyond Q4 2024, VAIOT plans to expand its DeLaw ecosystem to other European countries. VAIOT is already in the planning stages for its next country launch, with plans to roll out version 2 of Legal Torch based on feedback from early users and institutional partners.

VAIOT’s commitment to scalability and multinational accessibility ensures that its DeLaw ecosystem will continue to evolve, offering decentralized legal solutions across a growing number of industries and jurisdictions.

As VAIOT moves toward the end of 2024, its roadmap demonstrates a clear commitment to delivering innovative, decentralized solutions that address the most pressing challenges in the legal sector. With the launch of Legal Torch and DDRS, the company is poised to become a leading player in the development of Decentralized Law, providing businesses and individuals with a transparent, efficient, and secure way to manage legal processes in the digital age.

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About VAIOT

VAIOT offers LegalTech and DeLaw solutions to democratize access to legal services by leveraging AI and Blockchain. Proudly, we are the first VFAA-regulated digital asset issuer.

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