What is Kleros?
Is a opt-in dispute resolution platform. Kleros is a network of jurors specializing in various categories who are available to settle disputes.By utilizing smart contracts, Kleros can escrow any funds in question until a resolution is put forth by the selected jurors.
It is possible to contemplate a project and establish an agreement by both parties, the right to vote on who or how a conflict is correct that can refer to this issue if any can be edited and each right improves the help, Con Kleros With Kleros, both parties can be protected in the case that a contract is breached.
Kleros a Protocol of Multipurpose Justice Although in this article the example of a development dispute is used, Kleros is able to adjudicate a wide range of cases. Some will start working in the immediate future. Others will only be viable in a longer period.
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The existing methods of arbitration are excessively slow, expensive and unreliable for an online world and in real time. This article presents Kleros , a dispute adjudication protocol based on collective intelligence and the blockchain. knows about Kleros cases of use, associations, support and much more.
How Does Kleros Work?
Freelancing websites often have poor resolution protocols that lead to an unfair assessment by an unqualified individual. In some cases, there is simply no resolution protocol at all, leaving one of the parties with a complete loss.
Users could choose to delegate their vote in some subcourts but not in others. Note that delegates do not need to be humans. They can be smart contract implementing arbitrarily complex voting rules for example voting on updating fees based on market data.
Set policies Policies are guidelines about how to arbitrate disputes. They are the equivalent of the laws in traditional justice systems. They determine which party should win a dispute when particular conditions are met. They can be specific to a particular subcourt.
What Can We Expect of the Kleros Ecosystem
Kleros is a general purpose arbitration cryptoeconomic protocol which selects jurors and provides them the incentives for adjudicating disputes in a fast, affordable and transparent way. In order to test the system and to kickstart the network, we are building a user facing application that we will use to run pilots in the domains of e-commerce and other industries we have identified as early adopters.
Can you really trust a decision made by a group of anonymous people on the Internet?
Satoshi Nakamoto taught us that a number of anonymous computers that do not trust each of them can still reach a consensus, as long as the incentives are correctly structured. Kleros extends this principle to human decision-making. Several anonymous juries that do not trust each other can reach a consensus on a correct decision, provided that the incentives are correctly structured. For more information on the incentive system, read our white paper.
How many pinakion will exist?
The supply of pinakion is fixed at 1,000,000,000 units.
Application
Kleros is a general, multipurpose system which can be used in a large number of situations.
• Escrow : To pay for an off-chain good or service, the funds can be put in a smart contract. After receiving the good or service, the buyer can unlock the funds to the seller. In case of dispute, Kleros can be used to have the smart contract either reimburse the buyer or pay the seller.
• Micro tasking: In case multiple taskers stay on their position, a dispute resolution process would ensue and the losing taskers would have part of their security deposit transferred to the winning ones.
• Insurance : In case the security deposit is linked to multiple insurees claiming more than the deposit, a dispute resolution process would also be needed to determine how those funds should be split between insurees.
• Oracle : If there are multiple answers, a dispute resolution procedure ensues. The Oracle returns the answer given by the dispute resolution process and parties who put wrong answers lose their deposits which are given to honest submitters.
• Curated lists: If the item is considered belonging to the list, it is added and the submitter gets the deposits of the contesting parties. Otherwise, the deposit of the submitter is given to the contesting parties.
• Social networks: If the violation is not contested or confirmed by Kleros various effects can be implemented: the content can be removed, the content poster can lose a sign-up deposit and the reach of his other posts can be lowered.
Use Cases
- Arbitration
- Crowdfunding
- Social Media
- E-Commerce
- Gaming
- Oracles
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