Sink or Swim: HumanIPO favourite!

Just as Michelle and Thrond, HumanIPO supports the idea of cutting the red-tape and hence we are glad to announce that Res Judicata was selected as HumanIPO’s favourite from the plans submitted to Sink or Swim Business Plan Contest. Michelle and Thrond Toftely showed how arbitration and dispute resolution mechanisms may be evolving away from traditional land-based governments in the near future.

Res Judicata by Michelle and Thrond Toftely

The cost of justice throughout the world is simply mind-boggling. By itself and as an example, the State of Minnesota (a mid-sized, mid-western state in the United States with a population of 5.2 million1) spends 303 million (USD) annually on court administration. The courts and justice system at-large obviously need to exist in any society based on the rule of law, but at this point, the administration of justice is a venture held exclusively by Government.
The unique nature of an independent seastead provides an opportunity to change the way the world does Justice for the better. What we are proposing is the outsourcing of court administration –from the smallest mediation matters, to the most complicated civil suits and criminal cases.

Res Judicata will change the way people think of justice:

  • By virtualizing court administration, we can significantly reduce the costs of trial in both time involved and actual dollar amounts to each jurisdiction that signs-on for our services.
  • By creating a uniform method of procedure, the courts could increase the level of fairness within their respective systems. Parties to a matter no longer have to “shop for a jurisdiction” to seek out advantages that certain jurisdictions provide due to accidents of legislation and demographics. Fairness is built into the system.
  • By allowing customization of court rules by the involved parties, we can guarantee full satisfaction in the process (if not in outcome).
  • By allowing the parties to choose the best method to proceed, be it mediation, arbitration, judge trial, or jury trial.
  • By allowing the parties choose the arbiter of justice –the parties to any matter can choose their judge.

Objectives

  1. To provide individuals with a quick, easy and inexpensive way to settle disputes.
  2. To provide a quick and inexpensive method for corporations to administer mediation and arbitration of contracts.
  3. To provide virtual court rooms for both small and large jurisdictions.
  4. To provide mechanisms for individuals, corporations and governments to lower administration costs while improving the quality and results.

Read more and share your ideas with Res Judicata team on HumanIPO - http://www.humanipo.com/startup/res-judicata

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