Introduction
Digital globalization is advancing at an accelerated pace and in an exponential manner, making the legalization of services more active and the pace of the Blockchain progressing more and more. Online services are currently outdated to resolve conflicts between users, with losses and credibility for the daily use of the community. This requires a fully automated arbitration system where a jury can intercede and produce true decisions in a safe and economical way.
What is Kleros?
Kleros is built on ethereum being a decentralized system to arbitrate complex contracts of all kinds, which has a multipurpose court system capable of resolving all kinds of disputes.
Functionality of Kleros
Contract
Intelligent contracts are created where both users chooseKleros as their arbitration system for the resolution of conflicts through their protocols.
Dispute
Disputes will be sent to Kleros safely. This resolution will require both parties whether or not they wish to disclose privileged information to the jury and thus prevent external users from accessing said information.
Selection
The selection of the court will be to lift after both parties have deposited their tokens. This court is formed with juries willing to collaborate, issuing their sentence through a vote after evaluating in detail the evidence presented.
Enforcement
Through an intelligent contract the sentence is taken by the court. If after that court issues a judgment and one of the parties is not satisfied, it may appeal a new judgment and reissue the dispute. Each new appeal will have the same number of juries plus one.
Incentive system
Kleros has an incentive system where juries charge fees for resolving disputes presented. These incentives are frozen during the dispute resolution process, they will be redistributed after both parties are in agreement with the sentence issued by the court.
Your Own Token
Pinakion Token (PNK):
PNK provides jurors an incentive to vote honestly. Users trying to game the system will lose money.
Pinakion Feature
Pinakion protects the system from sybil attacks, while also providing jurors an incentive to vote honestly.
Governance System
Kleros has a governance mechanism, in which new subcourts will be implemented as new users choose to use Kleros, which will allow applying new policies and parameters for possible platform updates.
System of Liquid Votes
The delegation of votes can be specific, each user chooses who to delegate their vote, either in a specific subcourts but not in all.
Conclusion
The digital age has allowed the creation of workspaces that operate in real time through the sale of products. In this way, payment systems and new mechanisms to facilitate the user acquisition of goods and services have also grown. Cryptocurrencies have come to the fore as an emerging and safe mechanism to offer a new range of possibilities in the world market, which are helping to achieve financial benefits for millions of people. Kleros is available to intercede in that many contracts that are extremely expensive and bring financial justice for the entire community.
Team
Partners
More Information:
- Kleros Website
- Kleros WhitePaper
- Kleros Medium
- Kleros YouTube
- Kleros Telegram
- Kleros Twitter
- Kleros Github
- Kleros Forums